CHICAGO -- As diesel demand is forecast to grow, a new turnkey biodiesel program is debuting for convenience-store and fuel retailers.
The biofuels division of Targray is launching a program that aims to make biofuel procurement as straightforward as buying standard diesel. Chains and independent c-stores could see a return on investment with their first biodiesel order, according to Targray, with typical savings ranging from 3 to 10 cents per gallon (CPG) of diesel sold, depending on local market conditions and state and federal program eligibility.
The new program is launching after a two-year pilot and as forecasts call for increased demand for diesel. The most recent Short Term Energy Outlook from the U.S. Energy Information Administration (EIA) forecasts distillate fuel consumption to “accelerate” in second-half 2017, with an average annual growth of 2.2% in 2017 and 2.6% in 2018. The government cited increases in on-road, oil and gas drilling activity and industrial fuel use for the strong outlook.
Targray will feature the new biodiesel program at the 2017 NACS Show, with biodiesel trader and analyst Zackary Rocha available to discuss the company’s regional programs.
Targray, Kirkland, Canada, is a provider of commercial solutions for the biofuels, energy storage and solar photovoltaic sectors. It is said to be one of the largest biodiesel suppliers in the United States, serving fuel retailers, distributors and fleet operators with rail cars and storage in California, Florida and the Chicago, Cincinnati and New Orleans markets.
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