Italy: Cavagna Group bets on bioLPG
Milan-based Green LG Energy S.r.l. (GLGE) and Washington, DC-based BioLPG LLC announced the signing of a major agreement that increases funding for further development of the GTI Energy renewable-sourced green Cool LPG technology and for preparation of bioLPG production at scale within the next few years.
BioLPG LLC and its UN-backed NGO affiliate, The Global LPG Partnership, have received an exclusive global license from GTI Energy, a leading technology research organisation, to bring to market the GTI Energy Cool LPG technology that converts biogas into bioLPG, a 100% renewable liquid fuel for transportation and cooking, among other uses.
GLGE, a strategic joint venture for the development of new technologies for the production and distribution of LPG derived from renewable sources, was founded earlier this year by AGN ENERGIA, Beyfin, Cavagna Group, Gruppo Socogas and Veroniki Holding/Butangas, who are among the major players in the fuel and energy sector. It has a near-term goal of contributing to decarbonisation through Italian and European sourcing of vitally needed LPG.
“We at GLGE recognise that production of affordable, green bioLPG at scale must be achieved as soon as possible to serve energy needs while reducing emissions in line with ambitious targets being set globally. Our collaboration with BioLPG LLC and with GTI Energy is clear evidence of our commitment to that goal,” said Francesco Franchi, Chairman and Managing Director of GLGE.
“Our Cool LPG work with GTI Energy and GLGE has great potential to provide bioLPG needed for world progress toward zero emissions by 2050,” added BioLPG LLC Chairman Kimball Chen.
Cavagna Group is a world leader in the development of LPG equipment and, through a recent acquisition (Ecomotive Solutions), it has demonstrated its increasing interest in clean fuel mobility powered by Autogas and renewable Autogas, among other fuels. Now, with this new announcement, which was made during the event promoted by Assogasliquidi – Federchimica as part of the Fuels Mobility event at Bologna Fiere, the Italian company proves its strong commitment to the wider adoption of renewable fuels. For more information, please check here.
9 November 2022