LIQAL Expands LNG Fueling Network in Germany in Partnership with PitPoint.LNG B.V.

Rhea-AI Summary

Dover (NYSE: DOV) announced an expansion of its Liquefied Natural Gas (LNG) fueling station network in Germany, partnering with PitPoint.LNG B.V. A new fueling station has been installed at TotalEnergies in Hirschberg, Germany, with plans for two more stations by the end of 2022. This expansion aims to meet the growing demand for LNG, which offers reduced local air pollution and CO2 emissions. The German government is supporting this initiative through subsidies for LNG trucks and toll exemptions, enhancing the infrastructure for freight transport in the region.

Positive

• Expansion of LNG fueling stations in Germany, including a new station at TotalEnergies in Hirschberg.
• Plans for two additional LNG stations to be installed in 2022.
• Government subsidies and toll exemptions for LNG trucks indicate strong support for LNG infrastructure development.

Negative

• None.

DOWNERS GROVE, Ill., June 15, 2022 /PRNewswire/ – LIQAL, part of Dover Fueling Solutions ("DFS") and Dover (NYSE: DOV), recently announced that it is expanding its liquefied natural gas (LNG) fueling station network in the German market, as part of an ongoing partnership with PitPoint.LNG B.V. to bring a network of fully equipped, state-of-the-art LNG fueling stations to LNG users in the Netherlands, Belgium and Germany.

A new LNG fueling station has been installed at the TotalEnergies truck stop in Hirschberg, Germany. It is conveniently located along a major highway, the A5, connecting Germany and Italy. The state-of-the-art installation includes a total turnkey LIQAL LNG fueling station, and Pitpoint will also build its first experience with LIQAL's automated and low total cost of ownership BTU system to re-liquefy the stations' boil-off gas on the project site. LIQAL and PitPoint.LNG B.V. will install two additional LNG fueling stations in Germany in 2022.

These new fueling stations will support the fast-growing demand for LNG in Germany. LNG is a readily available alternative fuel that helps reduce local air pollution and CO2 emissions in the transportation sector. Germany's central transportation routes are home to high volumes of freight transport, and density of LNG fueling infrastructure lags neighboring countries. To address this, the German government is providing subsidies for purchasing LNG trucks and exemptions from motorway tolls.

"We are pleased to build on our partnership with PitPoint.LNG B.V. and leverage our shared experience and expertise to ensure the best LNG fueling technology and services for transport companies," said Joost Jansen, Business Development Manager, LIQAL.

"We are proud to work alongside LIQAL to meet the need for network expansion in Germany. The new station in Hirschberg reflects our strong partnership and preparations and we look forward to completing the other LNG fueling stations in Germany later this year," said Jan Willem Drijver, Managing Director, PitPoint.LNG B.V.  

With broad experience and technical know-how, LIQAL and PitPoint.LNG B.V. jointly develop plans and make preparations for the new LNG stations.

About LIQAL:

At LIQAL, we believe in a better and cleaner future for our planet. We design, deliver, and technically operate your next LIQAL station, on the road to a greener future. LIQAL's expertise: LNG, Bio-LNG, and hydrogen. Visit our website: www.LIQAL.com.

About Dover Fueling Solutions:

Dover Fueling Solutions ("DFS"), part of Dover Corporation, comprises the product brands of ClearView, Fairbanks, OPW Fuel Management Systems, ProGauge, Tokheim, and Wayne Fueling Systems, and delivers advanced fuel dispensing equipment, electronic systems and payment, automatic tank gauging and wetstock management solutions to customers worldwide. Headquartered in Austin, Texas, DFS has a significant manufacturing presence around the world, including facilities in Brazil, China, India, Italy, Poland, United Kingdom and the United States. For more information about DFS, visit www.doverfuelingsolutions.com.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

LIQAL Contact:
Caressa Timmermans
+31 (0) 85 4861 000
c-ctimmermans@liqal.com 

Dover Media Contact:
Adrian Sakowicz, VP, Communications    
(630) 743-5039    
asakowicz@dovercorp.com     

Dover Investor Contact:
Jack Dickens, Senior Director, Investor Relations
(630) 743-2566
jdickens@dovercorp.com

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SOURCE Dover