Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced after the closing bell today that the Government of the Philippines has requested that the company convert a sample of three-wheel vehicles (’tricycles’) in Metro Manila to operate on natural gas. These vehicles will be converted utilizing Energtek’s proprietary CNG Lite(TM) system based on ANG technology.
The Philippinesâ€™ Department of Energy intends to allow the tricycles to use natural gas resources allocated to the Natural Gas Vehicle Program for Public Transport (NGVPPT). The NGVPPT, passed in 2002, is a nationwide program that ‘aims to enhance energy supply security in the transport sector through fuel diversification using indigenous natural gas and to use natural gas as a clean alternative fuel for transport.’
The NGVPPT program, which places a strong focus on the Metro Manila area, has natural gas resources apportioned from the Malampaya Gas Reserve in Batangas, the Philippines’ largest indigenous energy source. For years, the reserve has been used mainly to generate power for the Metro Manila area. Now the government seeks to similarly utilize the reserve to supply the motor fuel energy needs of its largest city’s transportation sector.
Executive Secretary of the Philippines, Hon. Eduardo R. Ermita, commented, â€œThe government is more than glad to begin converting a million vehicles to operate on ANG as soon as possible. We are pleased to work together with Energtek to achieve our goal of providing a clean and cost-effective solution for small vehicle drivers who are suffering from the rising costs of gasoline.â€
With tricycles representing one of the most popular forms of transportation in the Philippines, these gasoline-powered vehicles are known to contribute to dangerous pollution levels. Converting the vehicles to Natural Gas will substantially reduce hazardous emissions cost-effectively. Natural Gas also costs a fraction of the price of gasoline.
â€œWe are quite pleased to assist the Filipino government in their quest to provide a cleaner and cheaper motor fuel alternative to oil,â€ stated Energtek CEO Lev Zaidenberg. â€œIn a metropolitan area with millions of tricycles as Metro Manila, Energtek’s CNG Lite(TM) system can utilize natural gas to provide significant environmental improvement and cost-benefits for drivers.â€
He added, â€œThe conversion of even half of the amount mentioned by the Executive Secretary of the Philippines would render revenues of hundreds of millions of dollars for the conversion systems as well as hundreds of millions of recurrent yearly revenues for the sale of Natural Gas.â€
Let us hear your thoughts: Energtek, Inc. Message Board