LNG manufacturer PNG Ventures appoints Cem Hacioglu as president and CEO
10th February 2009
PNG Ventures has appointed Cem Hacioglu as president and CEO.
PNG Ventures produces liquefied natural gas through its wholly-owned subsidiary Applied LNG Technologies USA. The company currently produces and distributes over two million gallons monthly of vehicle-grade LNG to municipal and commercial transportation markets in the western US.
Possible feedstock sources for LNG production include landfill gases or methane sources from agricultural biomass facilities.
‘ALT has the potential to be the preeminent competitor in the growing LNG and alternative fuels market,’ said Hacioglu.
Hacioglu will continue to serve as a director of PNG. A co-portfolio manager of the Direct Investment Group of Sandell Asset Management Corp. since May 2005, a shareholder PNG, and former portfolio manager of Millennium Partners, Hacioglu has also held various positions at Fletcher Asset Management, Merrill Lynch and the World Bank.
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