CNH Industrial is expanding its alternative fuel capabilities by taking a majority stake in Bennamann – a UK-based expert in solutions.
This move boosts its leading position and portfolio in alternative fuels for the agriculture industry, noted Derek Neilson, President Agriculture, CNH Industrial.
He said, “This solution can transform farms into mini energy hubs that can satisfy their own energy needs, produce their own natural fertilizer and sell any excess gas in the open market. It also enables them to generate their own electricity. This makes us a true alternative energy enabler, able to serve myriad applications and contribute to a carbon negative future.”
The company’s relationship with Bennamann began in 2019 when the duo jointly developed a liquefied natural gas fuel tank for CNH’s tractor prototype. In 2021, CNH’s Ventures investment arm acquired a minority stake in the business.
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