TORONTO, Aug. 13, 2019 (GLOBE NEWSWIRE) -- Certarus Ltd. ("Certarus" or the "Corporation") is pleased to announce that it has entered into a long term compressed natural gas (“CNG”) supply agreement with Kirkland Lake Gold for the implementation of bulk compressed natural gas to service the heating requirements at all of its Canadian mining operations.
This agreement further showcases the growing demand for CNG service within Northern Ontario for end users currently not serviced by pipeline natural gas supply. Certarus has developed a North American wide bulk CNG platform to bring cost effective, environmentally friendly natural gas safely and reliably to end users. Sourcing natural gas, via existing high-pressure pipelines, will provide a regional supply of clean, cost effective energy to a greater array of customers to help support provincial and federal mandates promoting cleaner burning fuels.
"Northern Ontario mines are realizing the benefits of compressed natural gas for cold environments where propane has its challenges. Not only is natural gas cleaner, it also retains its gaseous state at cold temperatures. Natural gas is being sourced locally at Certarus’ terminal east of Timmins, Ontario. Certarus operates the largest bulk CNG trailer fleet in North America and has a proven track record of supplying compressed natural gas to over 265 end users today," said Nathan Ough, Vice President of Certarus.
Certarus expects to commence CNG supply to Kirkland Lake Gold’s four additional mines in Q3 2019.
Certarus is a leader in providing a fully integrated compressed natural gas (CNG) solution for the North American commercial and industrial markets. Our primary business is the creation of a “Virtual Natural Gas Pipeline” through the compression, transportation and integration of CNG for the energy services, mining, forestry and industrial sectors. Our solutions target diesel and propane fuel displacement projects to lower operating costs and improve environmental outcomes.
Certarus is focused on providing cost effective carbon reduction solutions by utilizing abundant low cost North American natural gas.
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Certain information contained in this document constitutes forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, competition from other industry participants, the lack of availability of qualified service providers, personnel or management and ability to access sufficient capital from internal and external sources, the inability to obtain required consents, permits or approvals and the risk that actual results will vary from the results forecasted and such variations may be material. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation's actual results, performance or achievement could differ materially from those expressed in or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Corporation will derive therefrom.
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