Mad Money

Westport CEO: Shell Partnership Could Boost Nat Gas Use

Westport Innovations CEO

Westport Innovations on Wednesday announced it's teamed up with Royal Dutch Shell to encourage transport companies to switch over to the fuel and develop standards for its use. Speaking on "Mad Money," Westport CEO David Demers said the partnership should help boost natural gas as a transportation fuel.

"We really see this as the starting gun for the whole industry," Demers told Cramer. "This move from Shell is clearly the starting gun for a whole new energy area. It's really exciting.

"I mean Shell is a very strong, sincere company," he continued. "For them to believe it's time to go [with natural gas] is a signal it's time to go [with natural gas], I think."

Based in Vancouver, Canada, Westport develops natural-gas powered engines. Shares surged on the agreement Wednesday. Cramer said he can't blame anyone for selling on this pop, but thinks it may also be a good time to buy because it deals with several companies to build nat gas-powered engines.

Reuters contributed to this report

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