HEX Hexagon Composites ASA

Mobile Pipeline order for Renewable Natural Gas in the UK

Mobile Pipeline order for Renewable Natural Gas in the UK

Hexagon Mobile Pipeline, a business of Hexagon Composites, has been awarded an order for two X-STORE® modules in the United Kingdom.

Hexagon’s Mobile Pipeline® modules will transport Renewable Natural Gas (RNG) from the production site to the gas grid. The facility represents the future of sustainable clean energy power generation leaving zero waste and enabling a circular economy.  

“RNG projects are emerging all over the world.  Even then, less than one percent of the available supply is being utilized”, says Miguel Raimao, Vice President Mobile Pipeline. “Its potential to cost effectively mitigate greenhouse gas emissions is tremendous. Not only does it displace petroleum fuels, but in many cases, it eliminates harmful methane emissions. Mobile Pipeline® modules are a key enabler for transporting this zero-carbon fuel to the gas grid and industrial users.”

Deliveries of the X-STORE® modules are scheduled for the second quarter of 2020.

For more information:

Miguel Raimao, Vice President, Mobile Pipeline

Telephone: |

Hiva Ghiri, Vice President Investor Relations, Hexagon Composites ASA

Telephone: |  

About Hexagon Composites

Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transport and conversion to clean energy in a wide range of mobility, industrial and consumer applications.

Learn more at  and follow @HexagonASA on Twitter and LinkedIn

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

EN
27/02/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Hexagon Composites ASA

ABGSC Renewable Energy Research ... (+3)
  • ABGSC Renewable Energy Research
  • Åsne Holsen
  • Daniel Vårdal Haugland
ABGSC Renewable Energy Research ... (+3)
  • ABGSC Renewable Energy Research
  • Åsne Holsen
  • Daniel Vårdal Haugland
Helene Kvilhaug Brøndbo
  • Helene Kvilhaug Brøndbo

Hexagon Composites (Buy, TP: NOK38.00) - Cautious on near-term outlook

We are significantly below consensus on Q1e EBITDA, owing to the challenging US truck market, with the uncertainty in demand, costs, and regulations resulting in lower demand for new trucks and technology shifts taking longer. With most of its business in the US, we consider Hexagon Composites vulnerable. As a result, we have lowered our 2025–2026e EBITDA by 9–15%. We reiterate our BUY, but have cut our target price to NOK38 (50) on the weaker near-term outlook.

ABGSC Renewable Energy Research ... (+7)
  • ABGSC Renewable Energy Research
  • Adrian Gilani
  • Åsne Holsen
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Stian Wibstad

Renewable Weekly – 20 February 2025

This week, we summarise this week's most important newsflow on the companies under our coverage.

ABGSC Energy Research ... (+7)
  • ABGSC Energy Research
  • Daniel Vårdal Haugland
  • Haakon Amundsen
  • John Olaisen
  • Njål Kleiven
  • Oliver Dunvold
  • Stian Wibstad

ResearchPool Subscriptions

Get the most out of your insights

Get in touch