Caterpillar Goes 'All-In' On Natural Gas at HHP Summit 2012

         Caterpillar Goes 'All-In' On Natural Gas at HHP Summit 2012

First-ever HHP Summit attracted hundreds of executives from across the globe
representing the rail, marine, mining, drilling, earthmoving and power
generation industries

PR Newswire

HOUSTON, Oct. 3, 2012

HOUSTON, Oct. 3, 2012 /PRNewswire/ -- Caterpillar Inc., the world's leading
manufacturer of construction and mining equipment, diesel and natural gas
engines, industrial gas turbines and diesel-electric locomotives, announced at
the inaugural Natural Gas for High Horsepower Applications (HHP) Summit on
Sept. 27 its intentions to go 'all-in' on natural gas and produce even more
natural gas-fueled equipment and engines for a variety of applications. Joel
Feucht, Caterpillar's director of gas engine strategy for the energy and power
systems businesses, made the announcement during his keynote address at HHP
Summit 2012, a first-of-its-kind event that examined the economic and
environmental benefits of using the clean-burning, domestically abundant
natural gas in fuel-hungry high horsepower applications.

"We have decided to go all-in on gas," declared Feucht during his keynote
address at HHP Summit on Sept. 27. "We are going to invest because we see a
global market long term. Large engines are going gas. It's not debatable; it's
our conclusion."

Feucht's remarks confirmed that Caterpillar will provide natural gas fuel as
an option for engines across its many high horsepower lines for marine, rail,
mining, earthmoving and drilling operations. The company recently announced
its first expected liquefied natural gas (LNG)-powered products will likely
include Cat 793, 795 and 797 mining trucks, and locomotives produced by
Electro-Motive Diesel (EMD), a unit of Caterpillar's Progress Rail Services.

"There is huge economic incentive to move to natural gas," Feucht stated
noting that price of oil and gas are going to stay disconnected for the
foreseeable future thereby creating an economic incentive to use natural gas
in fuel-hungry high horsepower applications.

Current users of natural gas to power high horsepower equipment are realizing
a cost savings of 30 to 50 percent. New technologies expanding access in North
America have contributed to the low-cost of natural gas.

In addition to Caterpillar, HHP Summit 2012 attracted more than 800 executives
and participants from leading energy, equipment and technology companies from
around the world.

Due to overwhelming response, the date and location for HHP Summit 2013 will
be announced soon. For more information, visit

Media Contact:
Kristen Rockwell Weiss
310-573-8555 office

SOURCE Gladstein, Neandross & Associates

Press spacebar to pause and continue. Press esc to stop.