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 the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.