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 presents the Market Outlook and company news. She joined FNN in January 2017. She has been in broadcast journalism for over five years. She has worked as a journalist with Sky News Business, ABC 1 and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She is also a qualified financial planner and a Masters of Applied Finance student.