According to a statement released today, 3M and Chesapeake Energy Corporation have entered into an agreement to cooperate in the design, manufacturing and marketing of a new range of compressed natural gas (CNG) tanks for vehicle applications.
Currently, the most expensive component on a CNG vehicle is the tanks. The new tanks to come from the new partnership will reduce costs while increasing performance thus enabling CNG to become a serious player in the alternative fuels market.
3M says its new CNG tank will be 10 to 20 percent lighter with 10 to 20 percent greater capacity, all at a lower cost than standard pressure vessels. In addition to these benefits, the 3M tanks should be safer and more durable than those currently on the market.
“3M believes in the potential of natural gas, and this agreement illustrates our commitment to the industry,” said George Buckley, Chairman, President and Chief Executive Officer of 3M. “We are excited about this collaboration to speed the development and adoption of natural gas-powered vehicles.”
Increased political support and private investment are making natural gas a viable automotive fuel alternative with large growth potential. With more than a 100-year known supply of natural gas in the United States and an average price per gasoline gallon equivalent of $1.00 to $2.00, the fuel is plentiful, affordable and domestic. The fuel also burns more cleanly than gasoline, cutting greenhouse gas emissions by 30 percent and particulate matter by 95 percent.
“This partnership brings together two leading companies from different sectors, both committed to advancing the natural gas transportation fuel market,” said Aubrey K. McClendon, Chesapeake’s Chief Executive Officer. “We applaud 3M for recognizing the future of natural gas as a low-cost, cleaner alternative to gasoline, and for creating innovative tank technology that will make natural gas vehicles more affordable and accessible to fleets and individual consumers nationwide. Our country needs a solution to break the foreign stranglehold on our fuels market, and today’s announcement is another step to transition our nation away from costly imports.”
Chesapeake has pledged an initial $10 million toward design and certification services, market development support and a commitment to use the new tanks for its own corporate fleet conversion to CNG. 3M will manufacture the tanks and focus its capital on all future operations and production.
3M has engaged Hypercomp Engineering, Inc. of Utah for the design and certification of tanks. The company expects the tanks to be available for sale during the fourth quarter of 2012.
Although CNG has been in use by fleets for a number of years, it hasn’t had the opportunity to make a mark on the consumer market. Conversions are widely available but the Honda Civic Natural Gas is the only factory-built CNG vehicle currently offered to the general public.









