10Brands Selling in70Countries |
$305M+in Net Sales$28M +Adjusted EBITDA |
1,289Employees11Operating and Technology Research Centers |
Increasingly urgent demands for clean air and action to mitigate climate change, and the increasing availability and favourable economics of cleaner fuels demands more efficient, clean transportation solutions. Clean fuels are available and cost competitive. Westport Fuel Systems engineers, manufactures and supplies alternative fuel systems and components for transportation applications. Our diverse product offering, sold under a wide range of established global brands, enables the use of gaseous alternative fuels which provide both environmental and economic advantages, including liquid petroleum gas (“LPG”), compressed natural gas (“CNG”), liquid natural gas (“LNG”), renewable natural gas (“RNG”), and hydrogen.
Today, there are more than 61 million LPG and CNG vehicles globally, which accounts for approximately 3.7% of the total market share of vehicles in service[1]. Westport Fuel Systems products are on the road today, contributing to reduced emissions and supporting efforts to mitigate climate change.
We strive to create leading edge technologies that meet or exceed the requirements of regulation and industry codes and standards to shift the transportation sector to gaseous fuels. We work with our partners to deliver low-emission alternative fuel solutions that will meet the demand for high-efficiency, high-performance and low-carbon transportation. We design, engineer, manufacture and sell commercially available and cost competitive alternative fuel products with well documented emission reduction benefits.
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Passenger Car CO2 ReductionLPG ~20% CNG ~25%Payback 9 (LPG) 11 (CNG) Months |
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Heavy Duty Trucks CO2 ReductionLNG ~20% RNG ~35%Payback 19 months |
Our customers demand new, cost- competitive, sustainable and efficient transport solutions and we provide them with market-ready solutions that enable them to reduce emissions and realize fuel cost savings. We supply our products and services through a network of distributors, original equipment manufacturers (“OEM”) and delayed OEM (“DOEM”) programs servicing customers in more than 70 countries. Our products and services are available for passenger cars and light-, medium- and heavy-duty trucks and both stationary and mobile hydrogen applications.
As an alternative fuel system and component designer, developer and manufacturer, our first priority is to ensure that our products comply with the latest and most stringent safety, quality and environmental regulations. The recent enactment of regulatory frameworks including fuel economy improvements, renewable fuel mandates, carbon dioxide ("CO2") emission reductions and greenhouse gas (“GHG”) emission reductions in key markets have sent strong signals for the urgent need for technological advancement and innovation.
In April 2019, the European Parliament passed the first CO2 emission standards for heavy-duty trucks. Under the legislation, heavy-duty truck OEMs will be required to achieve a fleet average reduction of CO2 emissions of 15% by 2025 and 30% by 2030 compared to a 2019 baseline emission level. Heavy-duty natural gas vehicles featuring HPDI 2.0™ technology provide a CO2 emission reduction benefit of approximately 20% compared to an equivalent diesel-fuelled vehicle and are commercially available, cost competitive and on the road in Europe today. When fuelled with renewable gas, HPDI offers a compliance pathway to and beyond the 2030 target of a 30% CO2 reduction and enables OEMs to preserve their considerable investments in existing manufacturing facilities, engines and trucks.
The extent and rate to which the transport sector is able to make progress on the ambitious 80%-by-2050 emission reduction targets incorporated within the Paris Climate Agreement and diversify beyond oil, will be a function of ongoing technology breakthroughs on both fuels and vehicles, political action, shifting demographics, and a range of new public policy considerations that will not only influence how people and freight are moved, but how and where we live.
[1] NGV Global July 2019, World LPG Association 2018 Annual Report and Westport Fuel Systems Analysis
We supply our products and services through a network of distributors, original equipment manufacturers (“OEM”) and delayed OEM (“DOEM”) programs servicing customers in more than 70 countries. Our products and services are available for passenger cars and light-, medium- and heavy-duty trucks and both stationary and mobile hydrogen applications.
Our customers demand new, cost- competitive, sustainable and efficient transport solutions and we provide them with market-ready solutions that enable them to reduce emissions and realize fuel cost savings.
Westport Fuel Systems is committed to take smart actions in pursuit of our vision and mission and are committed to the driving principles of customer excellence, ownership of results, thriving as one team, and being socially responsible. We adhere to the core values of integrity, respect, and perseverance.