Volvo Group and Westport Fuel Systems to form a joint venture in a $73m deal.

Volvo Group, a Swedish multinational manufacturing corporation, and Westport Fuel Systems, a supplier of advanced fuel delivery components and systems, agreed to form a joint venture in a $73m deal. “Decarbonization with internal combustion engines running on renewable fuels, especially with High Pressure Direct Injection (HPDI), plays an important part in sustainable solutions. HPDI has been on the road in Volvo trucks for over five years and is a proven technology that allows customers to significantly reduce CO2 emissions in LBG (Liquified Biogas) applications here and now and is a potential avenue for hydrogen,” Lars Stenqvist, Volvo Group CTO.