Submitted by CNH Industrial
FPT Industrial, a brand of CNH Industrial and 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.”
About CNH Industrial
CNH Industrial is a world-class equipment and services company that sustainably advances the noble work of agriculture and construction workers. The Company provides the strategic direction, R&D capabilities, and investments that enable the success of its five core Brands: Case IH, New Holland Agriculture and STEYR, supplying 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment delivering a full lineup of construction products that make the industry more productive. Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 35,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.
Sustainability at CNH Industrial
CNH Industrial has a proactive approach to sustainability, which is in tune with global changes. We have set long-term targets to align with the United Nation’s Sustainable Development Goals and we are driven to ensure that our footprint is sustainable, and one that leaves a positive and lasting impression. Furthermore, CNH Industrial is a recognized as a sustainability leader in its field, having maintained a top position in the Machinery and Electrical Equipment segment of the Dow Jones Sustainability Indices (DJSI), World and Europe, for eleven consecutive years, as well as being admitted to range of sustainability indices.
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