​Under the Paris Agreement, Canada has committed to reducing annual GHG emissions by 30% below 2005 levels by 2030. However, the most recent climate report forecasted Canada to fall short of this goal by 77 Mt CO2eq.
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The 2020 announcement of the revised Carbon Tax, as well as the introduction of the Clean Fuel Standard, illustrate that fuel-intensive industries have been targeted to account for further reductions to achieve the Paris target.
Policies & Pressure
The Carbon Tax ("CT") increases the cost of consuming fuels, such as gasoline and diesel, at the pump.
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The Clean Fuel Standard ("CFS") imposes penalties on companies that supply carbon-intensive fuels, such as diesel, while rewarding companies that supply cleaner fuels, such as natural gas.
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Consumers and investors are using their wallets to demand change. Asset managers have warned companies that they will not invest in them unless they try to de-carbonize, while the Task Force on Climate-related Financial Disclosures ("TCFD") works to increase the public exposure and scrutiny of companies without climate initiatives.
To remain competitive and attract investment, fuel-intensive businesses need a practical clean fuel solution.
Liquefied Natural Gas ("LNG") presents a market-ready, sustainable solution to supply clean-burning fuel for businesses such as Heavy Haul (Class 8) Trucking, Mine Haul Trucking, Rail Freight, and Remote Power Generation.
Advantages of LNG vs Diesel
Carbon Dioxide Emissions Reduction - as much as 25.0%, increasing with biogas use.
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Fuel Cost Savings - greater than 30.0%, increasing as Government policy punishes diesel supply and consumption.
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Particulate Matter Reduction - as much as 58.0%. Particulate Matter is detrimental to environmental and physical health.
Nitrogen Oxides ("NOx") & Sulphur Oxides ("SOx") Reduction - NOx and SOx contribute to acidification on land and at sea.
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Regulatory Compliance - businesses switching to LNG fuel are eligible to earn credits under the Clean Fuel Standard.
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Low Risk - LNG has the best safety record of all common fuels and is completely non-toxic.
LNG is natural gas cooled to -162°C to become a liquid, at which point it holds 1/600th the volume of its gaseous state. LNG is best suited for heavy-duty applications, and vehicles traveling long distances.
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CNG is natural gas compressed to greater than 3000 PSI and is best for medium-duty vehicles traveling moderate distances, such as a city bus, or a garbage truck.
Advantages of LNG vs. CNG
Fuel Capacity - LNG tanks hold 2.5x more fuel than a similar-sized CNG tank.
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Weight - LNG fuel tanks are lighter than CNG tanks as they are not pressurized.
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Safety - Double-walled tank storage to preserve refrigeration, as well as low pressure, makes LNG storage safer than CNG.
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Energy Density - Relative to CNG, LNG contains 2.4x more energy per diesel liter equivalent.
Refueling Cost - CNG infrastructure and operation demands high volumes of electricity to achieve the compression necessary for a "fast-fill" CNG station.
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Refueling Speed - As LNG is a liquid, refueling time is comparable to gasoline or diesel, whereas CNG requires a high level of compression to refuel quickly.
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Market Access - LNG can provide fuel cost-effectively for markets CNG cannot, such as remote power generation.
LNG Advantage vs Other Fuels
Carbon Intensity
(gCO2eq/MJ)
Fuel Cost
($/DLE)
Infrastructure
& Scalability
LNG
65.0
$0.50
Compatible with Existing Infrastructure
Diesel
100.0
$1.00
Widely Available
Battery Electric​
(Charging)
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Variable on
Source of Electricity
$2.50
Major Infrastructure Development Required
Hydrogen​
(Fuel Cell)
Low: Variable on
Source of Hydrogen
$4.30
Major Infrastructure Development Required
Domestic LNG markets provide an opportunity to leverage Canada's talent pool, energy reserves, and energy infrastructure in a way that creates a future to utilize these assets while improving environmental sustainability.
Cool Ventures Inc.
1500, 520 5th Avenue SW
Calgary, Alberta
Canada T2P 3R7
Ph: +1 (403) 266-6141 (Main Office)