Reinforcing methane’s strategic role in farming’s energy
independence
London, March 15, 2023
Today, CNH Industrial is expanding its
alternative fuel capabilities by taking a majority stake in
Bennamann – a UK-based expert in solutions to capture, repurpose
and store fugitive methane emissions for energy use. In conjunction
with CNH Industrial equipment, Bennamann’s infrastructure delivers
a carbon negative system that fully supports a circular economy in
farming. This move boosts our leading position and portfolio in
alternative fuels for the agriculture industry.
“By consolidating our share in Bennamann, we are
offering our customers a full energy production, storage and
distribution service,” says Derek Neilson, President
Agriculture at CNH Industrial. “This solution can
transform farms into mini energy hubs that can satisfy their own
energy needs, produce their own natural fertilizer and sell any
excess gas on the open market. It also enables them to generate
their own electricity. This makes us a true alternative energy
enabler, able to serve myriad applications and contribute to a
carbon negative future.”
Reducing emissions such as methane and CO2 from
biowaste and operations is one of agriculture’s greatest
environmental issues. To help farmers meet this challenge, CNH
Industrial has been pioneering sustainable alternative power
solutions in agriculture for over two decades, including the
world’s first tractor running on compressed natural gas – the New
Holland T6.180 Methane Power. Alternative fuels and electrification
can enhance a farmer’s operational flexibility, efficiency, and
even profitability, while dramatically offsetting their carbon
footprint.
Our relationship with Bennamann began in 2019
when we jointly developed a liquefied natural gas fuel tank for our
tractor prototype. In 2021, our Ventures investment arm acquired a
minority stake in the business. On a pilot farm in the UK, our
shared technologies are capturing fugitive emissions from farm
biowaste – specifically livestock manure slurry – which are then
purified into biomethane that is subsequently either compressed or
liquefied. Both can be used as vehicle fuel, to generate
electricity, and even supply household or farm power, while the
byproducts of the conversion process can be used as a natural
fertilizer. In total, the system provides energy independence for
the farm, reduces input costs, and potentially generates additional
revenue streams. This work has also led to the introduction of the
world’s first liquefied fugitive methane tractor prototype, the New
Holland T7 Methane Power LNG, which is operationally carbon
negative when fueled by Bennamann’s system.
This latest strategic investment furthers our
commitment to the Science Based Targets initiative by reducing CO2
emissions in agriculture. Our research has found that a 120-cow
farm operating our shared methane capture technology can reduce the
CO2 equivalent of 100 western European households – about 780 tons
annually.
Together, we have progressed beyond the
prototype phase and will install the CNH Industrial-Bennamann
solution on multiple farms over the next year. This will start with
compressed fugitive methane solutions, moving to liquefied in the
future.
Why Liquefied
Fugitive Methane?
Due to its high energy density, liquefied
methane (a natural gas) is much easier to store and efficiently
distribute than renewable energy sources such as Hydrogen and
compressed natural gas. This makes liquefied methane a direct and
suitable replacement for fossil fuels in high power applications,
even in the most remote locations such as construction sites.
Our strategic and sustainable solutions see CNH
Industrial continue Breaking New Ground in energy
independence to keep our customers competitive while facilitating
climate-friendly practices in farming.
Forward-looking statements
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historical fact contained in this press release, including
competitive strengths; business strategy; future financial position
or operating results; budgets; projections with respect to revenue,
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that the Company is unable to predict) or other assumptions
underlying any of the forward-looking statements prove to be
incorrect, including any assumptions regarding strategic plans, the
actual results or developments may differ materially from any
future results or developments expressed or implied by the
forward-looking statements. Factors, risks and uncertainties that
could cause actual results to differ materially from those
contemplated by the forward-looking statements include, among
others: economic conditions in each of our markets, including the
significant uncertainty caused by the war in the Ukraine; the
duration and economic, operational and financial impacts of the
global COVID-19 pandemic; production and supply chain disruptions,
including industry capacity constraints, material availability, and
global logistics delays and constraints; the many interrelated
factors that affect consumer confidence and worldwide demand for
capital goods and capital goods-related products; changes in
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legislation, particularly pertaining to capital goods-related
issues such as agriculture, the environment, debt relief and
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development; government policies on international trade and
investment, including sanctions, import quotas, capital controls
and tariffs; volatility in international trade caused by the
imposition of tariffs, sanctions, embargoes, and trade wars;
actions of competitors in the various industries in which we
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difficulties; the interpretation of, or adoption of new, compliance
requirements with respect to engine emissions, safety or other
aspects of our products; labor relations; interest rates and
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prices for agricultural commodities and material price increases;
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obtain financing or to refinance existing debt; price pressure on
new and used equipment; the resolution of pending litigation and
investigations on a wide range of topics, including dealer and
supplier litigation, intellectual property rights disputes, product
warranty and defective product claims, and emissions and/or fuel
economy regulatory and contractual issues; security breaches,
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to the information technology infrastructure of CNH Industrial and
its suppliers and dealers; security breaches with respect to our
products; our pension plans and other post-employment obligations;
political and civil unrest; volatility and deterioration of capital
and financial markets, including pandemics, terrorist attacks in
Europe and elsewhere; our ability to realize the anticipated
benefits from our business initiatives as part of our strategic
plan; our failure to realize, or a delay in realizing, all of the
anticipated benefits of our acquisitions, joint ventures, strategic
alliances or divestitures and other similar risks and
uncertainties, and our success in managing the risks involved in
the foregoing.
Forward-looking statements are based upon
assumptions relating to the factors described in this press
release, which are sometimes based upon estimates and data received
from third parties. Such estimates and data are often revised.
Actual results may differ materially from the forward-looking
statements as a result of a number of risks and uncertainties, many
of which are outside CNH Industrial’s control. CNH Industrial
expressly disclaims any intention or obligation to provide, update
or revise any forward-looking statements in this announcement to
reflect any change in expectations or any change in events,
conditions or circumstances on which these forward-looking
statements are based. Further information concerning CNH
Industrial, including factors that potentially could materially
affect CNH Industrial’s financial results, is included in CNH
Industrial’s reports and filings with the U.S. Securities and
Exchange Commission (“SEC”), the Autoriteit Financiële Markten
(“AFM”) and Commissione Nazionale per le Società e la Borsa
(“CONSOB”).
All future written and oral forward-looking
statements by CNH Industrial or persons acting on the behalf of CNH
Industrial are expressly qualified in their entirety by the
cautionary statements contained herein or referred to above.
CNH Industrial (NYSE: CNHI /
MI: CNHI) is a world-class equipment and services company. Driven
by its purpose of Breaking New Ground, which centers on Innovation,
Sustainability and Productivity, the Company provides the strategic
direction, R&D capabilities, and investments that enable the
success of its global and regional Brands. Globally, Case
IH and New Holland Agriculture supply
360° agriculture applications from machines to implements and the
digital technologies that enhance them; and CASE
and New Holland Construction Equipment deliver a
full lineup of construction products that make the industry more
productive. The Company’s regionally focused Brands include:
STEYR, for agricultural tractors;
Raven, a leader in digital agriculture, precision
technology and the development of autonomous systems;
Flexi-Coil, specializing in tillage and seeding
systems; Miller, manufacturing application
equipment; Kongskilde, providing tillage, seeding
and hay & forage implements; and Eurocomach,
producing a wide range of mini and midi excavators for the
construction sector, including electric solutions.
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 37,000+
employees form part of a diverse and inclusive workplace, focused
on empowering customers to grow, and build, a better world.
For more information and the latest financial
and sustainability reports visit: cnhindustrial.com
For news from CNH Industrial and its Brands
visit: media.cnhindustrial.com
Media contacts:
Rebecca Fabian |
Anna Angelini |
North America |
United Kingdom |
Tel. +1 312 515 2249 |
Tel. +44 (0)7725 826 007 |
mediarelations@cnhind.com
- 20230315_PR_CNH_Industrial_Bennamann
- New Holland’s T7 Methane Power LNG tractor breaking new ground
fuelled by the cows at Cornwall Council’s Trenance Farm in the
UK
CNH Industrial NV (NYSE:CNHI)
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CNH Industrial NV (NYSE:CNHI)
過去 株価チャート
から 7 2023 まで 7 2024