Hoosier CNG Company Details Mexican Project

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CNG Source says financial details of the project are not being released. CNG Source says financial details of the project are not being released.

Indianapolis-based CNG Source has reached an agreement for a large compressed natural gas station in Mexico. The deal with V-Energia involves design, engineering and manufacturing work that will be performed in Indianapolis.

Vice President of Marketing and Business Development Karim Bousfiha says "we are thrilled with this project. Although V-Energia is a new company, its management team has been in the energy and fleet management business for about 20 years. Within the group they operate several gas stations under the Pemex brand, they also operate a fleet management company and lastly they manufacture and provide one of the most advanced wet-fuel dispensers to the Mexican market."

He says the project involves vehicle filling and serving businesses located throughout a natural gas network. It will include four natural gas-powered compressors.

The company has several completed several projects throughout Indiana and the Midwest, including Indianapolis International Airport, Seymour, Greensburg and Lafayette.

Bousfiha adds "the continued consolidation of the Mexican market will be at the top of our agenda for 2016, and we look to further leverage that base into additional regions by the end of next year."

The company has offices in Indianapolis, Texas and Mexico.

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