Italian energy group Edison and compatriot truck manufacturer Iveco are joining forces to work on boosting the use of LNG in the country’s road transport sector.
In that regard, the two firms have signed a memorandum of understanding to speed up the development of sustainable gas mobility and promote the use of LNG for trucks, according to a statement by Edison.
“The agreement is based on the recognition of the fundamental role that G-Mobility (LNG and CNG mobility) plays in the process of decarbonizing Italy,” the statement said.
The collaboration would also aim to identify business models capable of offering tailor-made solutions for G-mobility that favor the conversion of fleets to LNG through a total cost of ownership or TCO, which includes the total cost of managing the vehicle, including purchase, maintenance and fuel, Edison said.
This is competitive compared to traditional fuels and contributes to the gradual introduction of biomethane and bio-LNG towards a circular economy and decarbonization, it said.
Edison is Italy’s first LNG importer and in October this year, the company and partners launched the small-scale LNG deposit in Ravenna. This facility will provide LNG mainly to the transport sector.
The energy firm says it currently supplies LNG, CNG, and biomethane across Italy to around 300 filling stations, out of which it owns 45.
On the other side, Iveco says it has a 55 percent market share in Europe for LNG trucks. In total, Iveco sold more than 45,000 natural gas vehicles in Europe.
