Fuels

Evolution Fuels to Apply for DOE Cost-Sharing Program

Seeking expansion of retail fuel ethanol infrastructure
DALLAS -- Evolution Fuels Inc. today announced that as part of its efforts to establish retail fuel stations that carry varying blends of ethanol, it intends to apply for the U.S. Department of Energy's ("DOE") recently announced cost-sharing program for projects that will expand the infrastructure of fueling locations up to 85% ethanol.

The DOE recently announced the availability of up to $5.5 million from the American Recovery and Reinvestment Act to increase the use of higher ethanol blends (up to E85), with plans to offer up to $3.5 million to 15 to 30 projects for cost-shared [image-nocss] projects to modify, upgrade, expand existing fuel pumps and other infrastructure at retail stations or the installation of new equipment to accommodate the higher ethanol blends. The DOE additionally plans to fund up to $2 million toward the raising of public awareness of higher ethanol blends up to E85.

Evolution Fuels' CEO, Dennis McLaughlin, said, "It is the company's position that programs such as this are critical to solving the problems of growing the distribution and sales of renewable forms of energy. This type of program should greatly aid companies who seek to be providers of higher blends of ethanol and biodiesel fuels at the pump."

The Dallas-based company endeavors to market renewable transportation fuels at retail fuel stations that will provide blends of ethanol from 10% to 85% (E10 to E85), and biodiesel blends from 5% to 20% (B5 to B20). The company's plan calls for the development of a chain of renewable fuel stations that extend from Texas to Mississippi that will be a combination of Evolution Fuels-branded fuel stations/convenience stores and western-motif truck stops modeled after the Willie's Place Truck Stop in Carl's Corner, Texas.Click herefor more information on the program. Also click here.

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