Cat Says It's "All-in" on Natural Gas at Summit

October 2, 2012

Caterpillar announced its intentions to go ‘all-in’ on natural gas and produce more natural gas-fueled equipment and engines for a variety of applications.

In a keynote at the inaugural Natural Gas for High Horsepower Applications (HHP) Summit held last week in Houston, Joel Feucht, Caterpillar’s director of gas engine strategy for the energy and power systems businesses, said “We have decided to go all-in on gas. We are going to invest because we see a global market long term. Large engines are going gas. It’s not debatable; it’s our conclusion.”

Feucht’s remarks confirmed that Caterpillar will provide natural gas fuel as an option for engines across its many high horsepower lines for marine, rail, mining, earthmoving and drilling operations. The company recently announced its first expected liquefied natural gas (LNG)-powered product will likely include Cat 793, 795 and 797 mining trucks, and locomotives produced by Electro-Motive Diesel (EMD), a unit of Caterpillar’s Progress Rail Services.

“There is huge economic incentive to move to natural gas,” Feucht stated, noting that price of oil and gas are going to stay disconnected for the foreseeable future.

Source: HHP Summit