FPT Industrial, the world’s largest designer and manufacturer of low-impact sustainable engines, and Landi Renzo Group, a leading company in the design, production and distribution of Compressed Natural Gas, Liquefied Natural Gas and Hydrogen components and systems, have signed two Memoranda of Understanding aimed at exploring the possibility of collaborating on Clean Fuel projects. The Memoranda are focused on the possible development of Natural Gas and Hydrogen technology respectively.
Considering that the green economy and sustainable mobility will play a key role in all industrial transportation segments and in recognition of the strengths and values of each other’s business and technological capabilities, the two companies will explore potential collaborations on developing complete, efficient and fully sustainable mobility solutions.
The Memoranda of Understanding will allow FPT Industrial and Landi Renzo Group to leverage their proven and renowned specific competences and technological capabilities for both Natural Gas and Hydrogen in light of the enhancement of their role as active players in the green economy in line with the European Green Deal strategy, boosting the growth of renewable energies in the transportation sector.
In the Natural Gas sector, the signing of the Memoranda of Understanding is intended to support the development of new fuel injection and management systems tailored for FPT Industrial applications, using Landi Renzo Group dedicated components. The collaboration will aim at optimizing the performance of the entire gas system and engine, evaluating how best to integrate Landi Renzo Group components into both Compressed Natural Gas and Liquefied Natural Gas applications.
The companies’ cooperation in the Hydrogen sector will also consider to cover areas of development that leverage the synergies that Compressed Natural Gas and Liquefied Natural Gas can offer in bridging the introduction of hydrogen to the transportation sector, from its use as a blend in natural gas to up to 100% hydrogen.
Pierpaolo Biffali, FPT Industrial Vice President Product Engineering, stated: “The road to Green Mobility means offering complete, state-of-the-art and viable solutions. And high added- value partnerships, like the one envisaged in the MoU just signed with the Landi Renzo Group, are key to our strategy, which aims at offering customers real opportunities and turn-key solutions, to lower the ecological and economic impact of their transport business.”
Cristiano Musi, CEO of Landi Renzo Group commented: “Natural gas, biomethane, bio-LNG and hydrogen will play an ever-increasing role in the transport decarbonization effort, and we are very happy and proud to be at the side of a key player like FPT Industrial. This partnership acknowledges the major developments delivered by our Group as a technology innovator and system integrator, positioning the company to find new and increasingly efficient solutions.”
Founded in 1954 and based in Cavriago (Reggio Emilia), Italy, Landi Renzo Group is the world leader in the design and production of components and feeding systems for CNG, LNG, Hydrogen and LPG fueled vehicles. It operates through 16 companies in 13 countries across 5 continents and has longstanding collaboration agreements with importers and distributors worldwide. The Group’s international vocation is proven by the export share of its total turnover, which is over 80%.
FPT Industrial is a brand of CNH Industrial, dedicated to the design, production and sale of powertrains for on and off-road vehicles, marine and power generation applications. The company employs more than 8,000 people worldwide, in ten manufacturing plants and seven R&D Centers. The FPT Industrial sales network consists of 73 dealers and about 800 service centers in almost 100 countries. Its wide product offering includes six engine ranges from 42 hp up to 1,006 hp, transmissions with maximum torque of 200 Nm up to 500 Nm and front and rear axles from 2 to 32-ton GAW (Gross Axle Weight). FPT Industrial offers the most complete Natural Gas engine line-up on the market for industrial applications, including engine ranges from 136 hp up to 460 hp. This extensive offering and a strong focus on R&D activities make FPT Industrial a world leader in industrial powertrains. For further information, visit www.fptindustrial.com.
Fabio Lepore Emanuela Ciliberti
FPT Industrial Press Office FPT Industrial Press Office
Tel.: +39 011 007 6720 Tel.: +39 011 007 1798
Landi Renzo S.p.A. Contatti per i media Image Building
Paolo Cilloni Cristina Fossati, Angela Fumis
CFO and Investor Relator firstname.lastname@example.org
Tel: +39 02 89011300