- Press Release

BNP PARIBAS LEASING SOLUTIONS & IVECO TO PARTICIPATE IN THE EUROPEAN LNG PROJECT TO SUPPORT ENERGY TRANSITION

13 December 2018

BNP Paribas Leasing Solutions and IVECO, through their joint venture CNH Industrial Capital Europe, will take part to a European project that aims at supporting the development of BioLNG energy for transport across Europe.

The project signature ceremony took place on December 6 during the COP 24 in Katowice, Poland.

The European Innovation and Networks Executive Agency (INEA) announced, with the signature of the BioLNG Euronet Project, a commitment to support the transition from Diesel to LNG (Liquefied Natural Gas) in the European transport Market in order to contribute to the European goal of 60% CO2 reduction by 2030.

The BioLNG Euronet Project aims at creating a 400 km pan-European transport road from southern Spain to eastern Poland via France, Belgium, Netherlands and Germany by building a network of LNG refueling sites across Europe and offering competitive financing and trucking solutions to reduce the cost of a LNG truck investment.

CNH Industrial Capital Europe will offer competitive financing solutions reducing the cost of IVECO trucks with a subsidy from the EU Commission to partially compensate for price difference between Diesel and LNG truck, up to a maximum of €6000.

Top left: Pierre Lahutte, IVECO Brand President
Top right: Violeta Bulc, European Commissioner for Transport
Bottom left: Dirk Beckers, Director – Innovation and Networks Executive Agency – INEA
Bottom right: Christian Hoellinger, Head of Business Development Europe- LNG Road, Shell

From left-right: Pierre Lahutte, IVECO Brand President ; Violeta Bulc, European Commissioner for Transport ; Christian Hoellinger, Head of Business Development Europe- LNG Road, Shell ; Dirk Beckers, Director – Innovation and Networks Executive Agency – INEA

Pierre Lahutte, IVECO Brand President, said: “This project opens the possibility for a seamless transition to a circular economy approach based on generating energy from waste. This makes even negative GHG emissions and carbon sequestration possible. The project’s funding will enable us to help our customers convert their fleets to LNG through competitive IVECO Capital finance & leasing plans, increasing the number of natural gas vehicles on European roads and making progress towards a sustainable transport industry.”

Charlotte Dennery, CEO of BNP Paribas Leasing Solutions, said: “As part of its 2020 development plan, BNP Paribas clearly indicated its will to strengthen its commitment to the energy transition and the achievement of the United Nations Sustainable Development Goals. As the Group’s specialized entity in equipment finance, BNP Paribas Leasing Solutions is a natural partner to encourage companies to promote responsible mobility.”

 

CHN Industrial Capital Europe

CNH Industrial Capital Europe SAS is a Joint Venture between CNH Industrial and BNP Paribas Leasing Solutions in Europe, and offers a full range of financing, leasing and rental solutions for the IVECO dealers and end-customers for Buses, Trucks & Commercial Vehicles (including parts & services) in the main European markets. The Joint Venture also proposes under the brand name of CNH Industrial Capital customised financial services for Agricultural & Construction Equipment machines.

For further information about CNH Industrial Capital: www.cnhindustrialcapital.com

BNP Paribas Leasing Solutions

As the European leader in asset finance, BNP Paribas Leasing Solutions supports the growth of its clients and industrial partners by offering rental and finance solutions for their professional equipment.

At the heart of the usage economy, BNP Paribas Leasing Solutions provides businesses with the flexibility they need to remain competitive and grow in a sustainable way.

In 2017, BNP Paribas Leasing Solutions financed 320,000 projects for a total volume of 12 billion euros. Its 3,200 employees support its clients and partners’ growth in 18 countries, in Europe but also in China, the United-States and Canada.

Learn more about us on: leasingsolutions.bnpparibas.com

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Contacts

BNP Paribas Leasing Solutions

Elodie ANTOINE – 01 41 97 11 97 – elodie.antoine@bnpparibas.com

IVECO

IVECO is a brand of CNH Industrial N.V., a World leader in Capital Goods listed on the New York Stock Exchange (NYSE: CNHI) and on the Mercato Telematico Azionario of the Borsa Italiana (MI: CNHI). IVECO designs, manufactures and markets a wide range of light, medium and heavy commercial vehicles, off-road trucks, and vehicles for applications such as off-road missions.

The brand’s wide range of products include the Daily, a vehicle that covers the 3.3 – 7.2 ton vehicle weight segment, the Eurocargo from 6 – 19 tons, the Trakker (dedicated to off-road missions) and the Stralis, both over 16 tons. In addition, the IVECO Astra brand builds off-road trucks, rigid and articulated dumpers as well as special vehicles.

IVECO employs close to 21,000 individuals globally. It manages production sites in 7 countries throughout Europe, Asia, Africa, Oceania and Latin America where it produces vehicles featuring the latest advanced technologies. 4,200 sales and service outlets in over 160 countries guarantee technical support wherever an IVECO vehicle is at work.

For further information about IVECO: www.iveco.com

Facebook:  https://www.facebook.com/IVECO/

YouTube: https://www.youtube.com/user/ivecoitaly

Instagram: https://www.instagram.com/iveco/

Twitter: https://twitter.com/Iveco