Source: Environmental Leader.com
Peake Fuel Solutions LLC, a wholly-owned subsidiary of Chesapeake Energy Corporation, has announced the development of a diesel natural gas conversion kit that could cut heavy-duty truck operators fuel costs by 30 percent.
Diesel natural gas allows trucks to run on a mixture of diesel and up to 70 percent natural gas. When compressed natural gas or liquefied natural gas fuels are not available, trucks retain the ability to run on 100 percent diesel.
Long-term natural gas prices in the $4-6 per mcf range will translate into CNG and LNG prices of around $2.00 per diesel gallon equivalent, or about 50 percent lower than diesel prices, Peake says. Assuming a typical DNG blend, truckers would save about $0.20 per mile on their fuel costs. The return on investment for a DNG conversion kit is typically less than 18 month, Peake estimates.