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AMOCO EXPANDS ALTERNATIVE FUELS BUSINESS WITH STRATEGIC INVESTMENT IN VEHICLE CONVERSION COMPANY

 CHICAGO, March 11 /PRNewswire/ -- Amoco Oil Company has expanded its leadership in the alternative transportation fuels business by investing in NGV Systems Inc., a compressed natural gas (CNG) storage tank manufacturing and vehicle conversion concern.
 Through this strategic alliance, the companies intend to expand the compressed natural gas infrastructure by opening vehicle technology centers. These centers will provide CNG system installation and testing, and will complement Amoco's expanding network of retail CNG fueling facilities.
 "Amoco's investment will help expand the network of vehicle conversion centers in the United States and bring CNG vehicles within reach for many fleet customers," said R. Terry Botruff, manager of Amoco's alternative transportation fuels business unit. "This should benefit fleet owners who want to begin converting to CNG in advance of Detroit automakers' production of CNG-powered vehicles from the factory," he said.
 Terms of the agreement between the two companies were not disclosed.
 NGV Systems, based in Long Beach, Calif., is a privately held company that operates three Regional Technology Centers, one each in Austin, Texas; Los Angeles and Atlanta. These centers, operated as joint ventures with local utility companies, provide CNG system installation, testing, emissions certification, and ongoing monitoring services. NGV Systems also manufactures CNG storage tanks and develops vehicle conversion kits.
 The Clean Air Act and National Energy Policy Act require fleets over 10 vehicles that are capable of being centrally fueled begin converting to alternative fuels as early as 1997. Conversion centers will be needed to meet this demand, since automakers are not poised to meet the demand at the factory, Botruff said.
 Amoco is the recognized leader in retailing CNG as a transportation fuel, operating 13 fueling facilities in the United States. The company recently formed its alternative transportation fuel business unit to expand its CNG marketing and infrastructure development efforts in the United States and other countries.
 Amoco Oil Company is the refining, marketing, and transportation subsidiary of Amoco Corporation (NYSE: AN).
 -0- 3/11/93
 /CONTACT: Tom Mueller, 312-856-5388; or Jim Fair, 312-856-5566; both of Amoco Corporation/
 (AN)


CO: Amoco Corporation ST: Illinois IN: OIL SU:

KK -- CL007 -- 5073 03/11/93 11:22 EST
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Publication:PR Newswire
Date:Mar 11, 1993
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