Dresser-Rand (DRC) recently signed a worldwide exclusive license agreement with Expansion Energy for marketing this product. They think that it will have a $100-$200 million market over the next 2-3 years. Projected applications are flare gas, stranded natural gas fields, on-site supply for converted drilling rigs, and transport.
My interest resides in a long position in FSYS which would profit greatly if CNG/LPG vehicles became popular in the US. Something that is not likely to happen until after CNG/LPG fueling infrastructure is in place.
The VX cycle technology was a hot topic in Dresser's recent CC (Nov 2, 2012). For example, in his prepared remarks, CEO Vincent Volpe of DRC had the following comments:
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