Investor Relations

Adsorbed natural gas vehicle commercialization plans to be presented at AGA Operations Conference

Monday, April 24, 2017 1:56 pm EDT

Dateline:

North Charleston, S.C.

NORTH CHARLESTON, S.C., April 24, 2017 – Ingevity will participate in the American Gas Association (AGA) Operations Conference in Orlando, Florida, from May 2–5, 2017. Ingevity will present commercialization plans for its industry-leading adsorbed natural gas (ANG) technology for light- and medium-duty vehicles along with its manufacturing coalition leader and partner, Adsorbed Natural Gas Products (ANGP). Ingevity developed and manufactures Nuchar® FuelSorb™ activated carbon monoliths that are the core of the ANG tank to be marketed by ANGP. ANGP is on a path to have their conformable, carbon fiber composite ANG tanks fully compliant and commercially available in 2017.

“We continue to leverage our expertise as the exclusive adsorbent provider to ANGP,” explains Brad Reed, director of business development and innovation at Ingevity. “We believe that natural gas utilities are ideally suited to be early adopters of this technology for their fleet vehicles. It will enable them to demonstrate the economics and convenience of ANG private fueling to their residential and commercial customers.”

“Plug-in electric hybrid vehicles have major weight and cost challenges related to their battery storage packs,” says Bob Bonelli, CEO at ANGP. “Our coalition has redesigned the bi-fuel hybrid based on our ANG technology and conformable storage system. Some of the benefits include lower weight, less cost and longer life.”

Ingevity: Purify, Protect and Enhance

Ingevity provides specialty chemicals and high-performance carbon materials and technologies that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, printing inks and automotive components that reduce gasoline vapor emissions. Through a team of talented and experienced people, Ingevity develops, manufactures and brings to market products and processes that purify, protect and enhance the world around us. Headquartered in North Charleston, S.C., Ingevity operates from 25 locations around the world and employs approximately 1,500 people. The company is traded on the New York Stock Exchange (NYSE: NGVT). For more information, visit www.ingevity.com.

About ANGP

Adsorbed Natural Gas Products, Inc. (ANGP) designs, develops and manufactures on-board low pressure adsorbed natural gas (ANG) storage technology, and related products, for all classes of motor vehicles.  The unique ANGP business model of working through a coalition of major corporations, each with specific competencies and global infrastructure, assures the market of the best combination of science, technology and manufacturing.  ANGP has one main objective: to be the leading motor vehicle ANG technology company, providing products that are disruptive, enabling and manufactured to the highest standards of safety, performance and reliability. For more about ANGP please visit www.angpinc.com.

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