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.
Diesel HPR provides superior performance and improved local air quality as Propel provides simple tools to track personal emission reductions, check price and find locations.
Propel customers have provided overwhelmingly positive feedback on the fuel, validating HPR’s performance and value to drivers.
State achieves 600% growth in use of low carbon E85 through strong consumer value, innovative retailers, and effective policy.
Announces new management and directors, strategic focus and operating milestones.
Propel’s Diesel “HPR” Outshines Petroleum Diesel in Performance, Emissions and Value
Top 40 Hottest Companies in the Advanced Bioeconomy rankings recognize
innovation and achievement by Propel Fuels
The Silicon Valley Business Journal congratulates Propel for making this year’s ranking of the Fastest Growing Private Companies.
Bay Area’s fastest-growing companies cover nearly every industry from e-commerce clothing companies to fuel companies to software
As Clinton Keith Rd Bridge Reopens, Propel & KA Enterprises Open Renewable Fuel Station
New Clean Mobility Center is first to offer Fresno drivers E85 Flex Fuel, biodiesel and carbon offsets at the pump
Renewable fuels retailer recognized for bringing consumer access to clean, domestically produced fuels across California
Sales and survey results reveal driver preference for algae-based Soladiesel® over conventional fuels; Sales increase 35 percent at participating test sites vs. non-participating sites
Grand opening offers $10 of free E85 Flex Fuel to encourage the community to try clean, American-made fuel
Funding will fuel growth plans for more than 200 stations
Companies to Kick-off Month-long market pilot program on advanced biofuels
Companies to kick-off month-long market pilot program on advanced biofuels
Renewable Fuel Retailer Joins Prestigious Group of the Bay Area’s Fastest Growing Companies
Renewable Fuel Retailer Ranks 8th in Region with 400 Percent Growth Rate As Increasing Number of
Drivers Look for Cleaner Mobility Solutions
Ninth Propel fueling station in Greater Sacramento region provides convenient and cost-effective access to clean, American-made, E85 Flex Fuel and biodiesel for drivers and fleets
Renewable fuel retailer recognized as America’s fastest growing private fuel brand