Hexagon Agility Receives Order from RenewGas Transportation


Hexagon Agility has received an order for Mobile Pipeline® TITAN® modules from RenewGas Transportation, a leading provider of complete turnkey transportation solutions for renewable natural gas (RNG). These modules will be used to transport and deliver RNG derived from agricultural waste.

The order represents an estimated value of 5.5 million USD (approximately NOK 49.5 million) for delivery from the fourth quarter of 2022 to the first quarter of 2023.

“We’ve built our mobile pipeline fleet around Hexagon Agility’s TITAN modules, which are critical to our growth in the RNG market, the cleanest solution available to reduce global carbon emissions,” said Matt Smith, president and founder of RenewGas Transportation. “Because safety and reliability are the cornerstones of every project, we are proud to partner with Hexagon Agility who share the same vision and commitment.”

“We are delighted with our partnership with RenewGas Transportation. It quickly developed a reputation for operational excellence and expertise in RNG projects,” said Seung Baik, President of Hexagon Agility. “The use of RNG produces carbon negative results, allowing our customers to accelerate their plans to meet GHG reduction targets and initiatives.”


About the market

RNG results in substantial reductions in greenhouse gas emissions compared to any other clean energy solution available today. In North America, RNG is supported by an extensive pipeline infrastructure that enables immediate deployment, delivering significant environmental benefits today and for decades to come. Research shows that RNG derived from agricultural waste can offer over 200% improvement in well-to-wheel emissions reductions compared to diesel.


Hourly

Module deliveries are expected to begin in the fourth quarter of 2022.


For more information:

Karen Romer, Senior Vice President of Communications, Hexagon Composites
Telephone: +47 950 74 950 | [email protected]

Hiva Ghiri, Vice President of Investor Relations, Hexagon Composites
Telephone: +47 958 66 790 | [email protected]


About RenewGas Transportation

RenewGas Transportation specializes in the unique needs of the biogas industry and offers complete turnkey transportation solutions for biomethane and hydrogen projects. We handle all aspects of transportation, including training, maintenance, monitoring, and full compliance with federal and state regulations for the transportation of hazardous materials. To learn more, visit refreshgastransportation.com.


About Hexagon Agility

Hex Agility®, a Hexagon Composites business, is one of the world’s leading providers of clean fuel solutions for commercial vehicles and gas transportation solutions. Its product offerings include natural gas storage and delivery systems, Type 4 composite natural gas cylinders, propane and natural gas fuel systems. These products carry clean gaseous fuels and allow vehicles to reduce emissions while reducing operating costs. Learn more about hexagonagility.com.


About Hexagon Composites ASA

Hexagon offers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transport and conversion to clean energy in a wide range of mobility, industrial and consumer applications. Learn more at hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn.

This information is subject to the disclosure requirements in accordance with section 5-12 of the Norwegian Securities Act.

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