GEV signs deal to provide clean energy to growth markets

Company News

by Jessica Amir

Global Energy Ventures Limited (ASX:GEV) has announced its signed an exclusive technology and development cooperation agreement with EnerSEA’s CNG marine transport solutions.

EnerSEA is a Houston based company focused on developing natural gas projects through its CNG technology.

Global Energy Ventures says CNG is a proven, safe, reliable and well established technology which can replace fuels such as coal, fuel oil and diesel and will significantly reduce Co2 emmisions.

Under the agreement Global Energy Ventures will have exclusive rights to the EnerSEA technology, to supply CNG to the two high growth gas markets, the Indian sub-continent and Indonesia.

Shares in Global Energy Ventures Limited (ASX:GEV) are currently trading 2.6% higher at $0.20
 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.