Natural Gas Fueled Honda Civic GX
The future of compressed natural gas (CNG) vehicles as envisioned by T. Boone Pickens has inched back from oblivion following an announcement that the only producer of CNG refueling technology in America will be acquired by Fuel Systems Solutions. Though not finalized yet, Fuel Systems Solutions announced yesterday that it has agreed to acquire specific assets and technology for compressed natural gas (CNG) refueling products manufactured by FuelMaker Corporation, a company that Honda had recently forced into bankruptcy. Honda’s decision was met with a lot of head scratching and conspiracy theories given that the Honda’s own Civic GX is the only vehicle in this country capable of running on CNG.
“Phill” At-Home Refueling Appliance”
One of the more valuable pieces of this transaction is the home refueling appliance marketed as the “Phill” that would allow residential gas consumers to fill their CNG vehicle at home. The other major aspect of FuelMaker’s business is the service of governmental and private fleets of vehicles that rely solely on CNG, especially in Canada. Many had speculated that Honda had thrown FuelMaker into bankruptcy to sabotage any competition to its line of gas-only vehicles. T. Boone Pickens, whose plan to expand CNG use as part of a greater proposal to end foreign oil dependency had unsuccessfully tried to purchase Fuelmaker last year. The transaction is valued at $7.0 million and is expected to be completed in the second quarter of this year.