- This alliance will put new vehicles on the market and offer another decarbonisation alternative to professional fleets with the use of BioLPG, a fuel that reduces the carbon footprint by up to 93% and whose production is increasing every year.
Madrid, 13 September 2024. BeGas, a Basque manufacturer of 100% LPG-powered engines for industrial vehicles, and Nexio, a Texas-based manufacturer of trucks and engines for industrial vehicles, have formalised a strategic agreement with the aim of combining their experience in the sector and their advanced technologies to boost the commercialisation of BioLPG trucks in the United States, and contribute significantly to the decarbonisation of global transport.
Through this alliance, both companies seek to offer sustainable solutions for professional transport in the United States, using trucks equipped with specialised autogas engines. This fuel allows a reduction of more than 90% in emissions of atmospheric pollutants, such as NOx and suspended particles. In addition, in its renewable version, it contributes to a reduction of up to 93% in CO2 emissions into the atmosphere, offering a significantly greener alternative for transport.
Its short- and medium-term plans include a comprehensive development of the American and European markets in the professional transport sector, promoting the alignment of efforts and resources to jointly address the potential markets where this type of fuel is produced.
In the words of Pedro Silva, CEO of BeGas, “The extensive knowledge of the LPG market by Nexio partners, as well as the engineering knowledge of this type of engine, gives our company a leap in quality and positions us as a key solution to achieve the decarbonisation objectives set by Europe for 2050. After years of working and collaborating together, we are excited to seal an agreement that will result in the addition and return of talent to make us more competitive, a philosophy that has always accompanied BeGas.”
For Gary Winemaster, CEO of Nexio, this agreement represents “a recognition of our trust in the BeGas team and in the commercial and business relationships we have built to expand the LPG market in corporate fleets. It is a unique opportunity to decarbonise professional transport and comply with new global regulations, at a time when electric trucks are facing infrastructure problems and high initial and operating costs.”
With this alliance, Nexio has formally joined the BeGas shareholder base, thus consolidating their strategic partnership. The signing took place at the BeGas headquarters in San Agustín de Guadalix and was attended by Pedro Silva, CEO of BeGas, Gary Winemaster CEO of Nexio and Horace Mast, COO and CTO of Nexio, who have ratified the commitment to identify and take advantage of emerging opportunities in markets where BioLPG is beginning to gain ground.
About Nexio:
NEXIO is a manufacturer of commercial trucks and alternative fuel engines (LPG 7.2L supercharged – 335 HP/775 ft.lbs with uprated and downrated engines and fuel options). The company focuses on providing 12T to 18T cabs on 4×2, 6×2 and 6×4 trucks, 4×2 and 6×2 tractors and 12T to 15T chassis powered by alternative fuels for last mile vehicles and other traditional applications. Furthermore, NEXIO is a vehicle company focused on decarbonization, driven by practical, cost-effective and usable commercial vehicle solutions.
About BeGas:
BeGas is a technology-based and research-based company founded in 2015. Since its inception, it has sought to contribute to a sustainable future in the transportation of people and goods. And this future involves society, its investors, customers and suppliers and, of course, its employees. For this reason, it produces 100% BioAutogas or Euro VI-E liquid injection liquefied Autogas engines.
BeGas continues to position itself as one of the main options for the decarbonisation of heavy urban vehicles.
