Comments highlight need for massive expansion of E85 and biodiesel access and outlines plan to provide federal tax incentives for infrastructure build-out
WASHINGTON (April 11, 2011) – Matt Horton, CEO of Propel Fuels (www.propelfuels.com), provided comments to Congress on Thursday, April 7th on the importance of providing convenient consumer access to increase the use of renewable fuels, as well as on steps legislators can take to ensure the needed infrastructure can be rapidly and efficiently built nationwide. As the West Coast’s leading retailer of E85 Flex Fuel and biodiesel, Propel submitted comments to the Senate Committee on Energy and Natural Resources to provide key customer perspectives on the Department of Energy’s biofuel programs and biofuel infrastructure issues, and on S. 187, the Biofuels Expansion Act of 2011.
In his comments to the Committee, Horton provided insight on the status of current and future renewable fuels infrastructure in our nation, as well as the vehicles that run on these fuels.
“With the primary location of the existing E85 and biodiesel fueling sites in the upper Midwest, much of the balance of the nation remains without such fueling facilities while Chrysler, General Motors, and Ford continue to produce almost 50% of their entire production as Flexible Fuel Vehicles,” said Horton.
Horton also explained Propel’s belief that the federal government must participate in establishing the alternative fuel infrastructure of the future.
“According to the DOE Alternative Fuel Data Center, there are approximately 2,350 public E85 fueling stations across the entire nation. This small number of sites serves an E85 vehicle population exceeding 9 million vehicles” said Horton. “While it is not the government’s role to choose the fuel of the future, government can and should assist the private sector with offsetting the costs of such new infrastructure. We believe that the establishment of an infrastructure income tax credit represents the most appropriate role of government in this effort.”
Horton provided further details on Propel’s recommendation to establish a federal infrastructure income tax credit including:
Propel currently has 22 fueling sites in operation in Washington and California and has a 75 station project under development to further increase access in California. Working with the U.S. Dept. of Energy, Propel is the largest single recipient of federal ARRA funds being used to establish E85 fueling locations. In addition, the company has received grant funds from the California Energy Commission. Propel has matched these funds with an additional $20 million in private venture capital based on the opportunity provided by alternative fuels.
Propel builds, owns and operates a network of Clean Fuel Points – green-built, self-serve filling stations providing convenient access to clean, American, renewable fuels. The company offers drivers and fleets a cleaner fuel choice that reduces carbon emissions, creates jobs and lowers America’s dependency on foreign oil. Propel has also developed CleanDrive™, the nation’s first integrated carbon emission reduction tracking platform. Propel operates a growing network of Clean Fuel Points in Washington State and California. More information is available at www.propelfuels.com.
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