Largest deal of its kind will provide renewable fuel choice to America’s most underserved market
REDWOOD CITY, Calif. (August 18, 2011) – Propel Fuels (www.propelfuels.com), a leading retailer of domestically-produced, renewable fuels, today announced a multi-year agreement with Pacific Convenience and Fuels (PC&F) (www.pcandf.com) to co-locate Propel “Clean Fuel Points” with PC&F gas stations and convenience stores throughout the Western U.S. Propel and PC&F have identified more than 80 potential locations for Clean Fuel Points throughout PC&F’s network of 300 stations in California, Washington, Oregon and Colorado, which operate under various brands including Chevron, 76, Conoco and Circle K. Propel’s partnership with PC&F will provide consumers and fleets across the Western states with greater access to renewable fuels and enable both companies to accelerate expansion plans.
“This first of its kind agreement allows us to quickly scale our business, opening the door to renewable fuel access across the Western U.S., America’s most underserved market for renewable fuels,” said Matt Horton, CEO of Propel. “And with U.S. automakers significantly increasing production of Flex Fuel and diesel vehicles, we will give customers true choice at the pump, making progress towards reducing our nation’s dependence on foreign oil and lowering carbon emissions.”
Propel builds, owns and operates a network of green-built, self-serve filling stations (Clean Fuel Points), providing convenient access to domestic, renewable fuels. By co-locating their stations with existing gas stations, Propel drives additional revenues to onsite convenience stores and provides new revenue streams to station owners such as PC&F. Through the partnership, PC&F provides Propel with access to premium real estate on existing sites, while Propel owns and operates the equipment and provides the expertise, fuel supply and outreach to drive renewable fuel adoption.
“Pacific Convenience and Fuels is redefining the customer experience at convenience stores. Providing access to renewable fuels aligns with this mission while satisfying the growing demand for these products,” said Chris Wilson, General Manager of PC&F. “We are pleased to partner with Propel, the leader in alternative fuels, to bring this option to our customers.”
To accelerate public access to renewable fuels, Propel is working in coordination with the U.S. Department of Energy and the California Energy Commission on station development programs such as California’s Low Carbon Fuel Infrastructure Investment Initiative. As advanced biofuel production facilities break ground in California, Propel’s agreement with PC&F will provide the next phase of fueling locations crucial to meeting the goals of the Low Carbon Fuel Standard.
Propel currently operates Clean Fuel Point stations throughout California and Washington State with more than 200 sites planned for new and existing markets over the next two years. Propel’s network of stations will connect drivers with low carbon fuels made from non-food sources such as agricultural byproducts and household waste as production comes online across the county. More information on Propel Fuels, current and future station locations can be found at www.propelfuels.com.
Headquartered in Redwood City, California, Propel builds, owns and operates a network of Clean Fuel Points – green-built, self-serve filling stations providing convenient access to clean, American, low carbon fuels. The company offers drivers and fleets a cleaner fuel choice that makes progress towards lowering America’s dependence on foreign oil, reducing carbon emissions, and creating jobs. Propel has also developed CleanDrive®, the nation’s first integrated carbon emission reduction tracking platform. Propel operates a growing network of locations providing cleaner mobility options in California and Washington State. More information is available at www.propelfuels.com and by following Propel on Twitter at: @PropelFuels.
About Pacific Convenience & Fuels
Pacific Convenience & Fuels is based in Pleasanton, California and currently owns more than 570 stores in California, Colorado, Nevada, Oregon, Texas and Washington through multiple channels of trade including company owned and operated, fee operated and dealer operations.
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