GP Strategies has announced that its subsidiary, General Physics Corporation, has been awarded contracts to design and construct multiple liquefied natural gas, liquefied-to-compressed natural gas and hydrogen fueling stations, totaling more than $16 million during the past six months.
GP Strategies said that the contracts also include the previously announced award by the City of Los Angeles valued at approximately $10 million.
Alternative fuels work is a major emphasis for General Physics Corporation (GP) to support US initiatives to reduce greenhouse gas emissions, improve air quality, and reduce dependence on imported oil. The Los Angeles project also includes significant non-fueling station work, leveraging GP’s ability to handle more traditional construction.
Scott Greenberg, CEO of GP Strategies, said: Despite the downturn in some parts of the economy, we continue to see an increase in demand for alternative fuel-related projects. These new projects are supported by both public and private funds, and driven by environmental as well as long-term economic factors, making them less susceptible to short-term changes in the price of oil.
We believe that our leading position in designing and building liquefied natural gas (LNG), liquefied to compressed natural gas (LCNG) and hydrogen fueling stations will give GP another growth area during this difficult economy and a strong competitive advantage as demand for these stations continues to grow.
