BeGas, a Basque manufacturer of 100% LPG-powered engines for commercial vehicles, and Nexio, a Texas-based manufacturer of trucks and engines for commercial fleets, have signed a strategic agreement to combine their industry expertise and technologies to boost the commercialisation of renewable Liquid Gas trucks in the United States. With this alliance, Nexio has formally become a shareholder of BeGas.

The partnership will help both companies offer sustainable solutions for professional transportation in the United States, bringing new Autogas vehicles to the market, and significantly contribute to the decarbonisation of global transportation.

Within its short- and medium-term plans, they are considering an integral development of the North American and European markets in the professional transport sector, promoting the alignment of efforts and resources to face together the potential markets where this type of fuel is produced.

“The great knowledge of the LPG market by Nexio’s partners, as well as the knowledge at engineering level in this type of engines, brings us a leap of quality to our company and positions us as a key solution to achieve the decarbonisation targets set by Europe for 2050,” said Pedro Silva, CEO of BeGas. “After years of working and collaborating together, we are excited to close an agreement that will result in the sum and return of talent to make us more competitive, a philosophy that has always accompanied BeGas.”

Gary Winemaster, CEO of Nexio, commented: “This is a recognition of our confidence in the BeGas team and the commercial and business relationships we have built to expand the LPG market in corporate fleets. It is a unique opportunity to decarbonise professional transportation and comply with new global regulations, at a time when electric trucks face infrastructure issues and high upfront and operating costs.”

Source: BeGas

Photo: BeGas

6 November 2024