Excellence in Product Innovation Award
Based on the recent research on the composites industry, Lucintel is glad to inform that 3M is the recipient of the 2020 Lucintel Innovation Award in type IV CNG tank market. This award recognizes the significant value 3M’s type IV CNG tank brings to the composite CNG tank market. 3M demonstrated excellence in CNG tank market by launching a new type IV CNG tank based on 3M Matrix Resin that is superior to competing CNG tank in terms of cost, volume and weight. 3M’s type IV CNG tanks are designed primarily for automotive application. It has several advantages over traditional Type IV CNG tanks including low weight, high internal volume and economical price. The commonly used material for preparing type IV CNG tank is carbon fiber and epoxy resin; 3M is using the same material but it has made changes in the epoxy resin, making it better through its nano-silica technology. This gives 3M’s type IV CNG tanks an advantage over other products in the highly competitive type IV CNG tank market.
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