NEOgas competes with other fuels as well as with other CNG suppliers. Traditional fuels such as gasoline and diesel are typical competitors to CNG as a motor fuel in most markets. In order for a market to be feasible for NGV activities, the spread between the cost of the competitive fuel and CNG must be significant. In the most active markets, this spread is 50% or more. In Brazil, ethanol, (or alcohol as it is referred to) is an additional competitor to CNG.
In Thailand, LPG is also available as a motor fuel.
CNG competes with LPG (or propane), diesel, fuel oil, coal and even wood in industrial, commercial and residential markets. Here the cost difference between CNG and the competitive fuel can be much less, as a 20 to 30% energy savings for a factory is quite significant considering the cost to convert a plant to CNG can usually be recouped much quicker than the cost of converting most vehicles.
Within the CNG business, NEOgas competes with alternate technologies capable of supplying natural gas to off-pipeline locations. In the high-pressure dispensing sector, NEOgas’ technologies give it a clear cut advantage in terms of the volume of gas it can dispense over a period of time, the power it consumes dispensing the gas and the amount of gas transported that can be delivered to the customer.
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