Loop Energy says new hydrogen fuel cell more efficient than diesel engine

FILE PHOTO: Cars drive in heavy traffic on the Gardiner Expressway in Toronto, June 29, 2015. REUTERS/Mark Blinch/File Photo

(Reuters) - Hydrogen fuel cell maker Loop Energy said on Sunday that its latest cell system can deliver better fuel economy than a diesel engine at current price levels.

The Burnaby, British Columbia-based company said that - based on a pan-European diesel cost of $1.91 per litre on Sept. 5 and $10 per kg of hydrogen - a truck could travel just over 111 miles (179 km) on $100 worth of fuel using its new S1200 hydrogen fuel cell system versus a little over 109 miles for an equivalent diesel truck.