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Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT) (Nasdaq:WPRT) announced today that BRC Gas Equipment (“BRC”) was awarded a competitive tender bid by Algeria’s National Company for Petroleum Products Marketing and Distribution (“NAFTAL”) to supply 40,000 liquid petroleum gas (“LPG”) sequential injection systems to be delivered into the growing Algerian market in 2018.
“This is the largest tender we have received from NAFTAL to date, proving the competitiveness and quality of BRC LPG systems,” said Andrea Alghisi, Westport Fuel Systems Chief Operating Officer, Automotive. “We are pleased to be the preferred partner of NAFTAL to support their strategic program for the expansion of LPG use in one of the world’s most promising alternative fuel markets.”
Currently, Algeria has close to 260,000 LPG vehicles and this figure is expected to increase to 1,000,000 vehicles in 2025 as the Algerian government works to reduce the consumption of polluting fuels and promote clean fuels.
NAFTAL is an Algerian subsidiary of Sonatrach Group, which is ranked among the top 15 oil companies in the world. Specializing in the distribution of petroleum products, NAFTAL is the first company in Africa that has embarked on the conversion of gasoline engines to LPG.
Markets.businessinsider
Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT) (Nasdaq:WPRT) announced today that BRC Gas Equipment (“BRC”) was awarded a competitive tender bid by Algeria’s National Company for Petroleum Products Marketing and Distribution (“NAFTAL”) to supply 40,000 liquid petroleum gas (“LPG”) sequential injection systems to be delivered into the growing Algerian market in 2018.
“This is the largest tender we have received from NAFTAL to date, proving the competitiveness and quality of BRC LPG systems,” said Andrea Alghisi, Westport Fuel Systems Chief Operating Officer, Automotive. “We are pleased to be the preferred partner of NAFTAL to support their strategic program for the expansion of LPG use in one of the world’s most promising alternative fuel markets.”
Currently, Algeria has close to 260,000 LPG vehicles and this figure is expected to increase to 1,000,000 vehicles in 2025 as the Algerian government works to reduce the consumption of polluting fuels and promote clean fuels.
NAFTAL is an Algerian subsidiary of Sonatrach Group, which is ranked among the top 15 oil companies in the world. Specializing in the distribution of petroleum products, NAFTAL is the first company in Africa that has embarked on the conversion of gasoline engines to LPG.
Markets.businessinsider