‘An Important Step in the Maturing of the Industry’
Propel Fuels report an exclusive three-year supply agreement with Franklin, Tenn.-based Eco-Energy for E85 ethanol. The pact “represents an important step in the maturing of the industry,” Propel says, “further enabling high blend renewable fuels to compete head-to-head with petroleum fuels.
“Integrating the producer-to-pump supply chain reduces the cost and complexity of procuring, storing, and delivering renewable fuels, better positioning Propel.” Propel is targeting a net work of 200 renewable fuels outlets in three years.
Eco-Energy’s supply and distribution capabilities, and access to low cost feedstocks, makes the new partner a “perfect fit for us as we plan and execute the expansion of our fueling network,” Propel CEO Matt Horton said in a release.
“Both companies share a similar mission – to expand the availability of high-blend, domestic fuels to drivers who want to be part of the solution,” Eco-Energy CEO Chad Martin says in the Propel announcement.
Watching for Next-Generation Fuels
Propel operates Clean Fuel Points, which are self-serve filling stations co-located at existing gasoline stations. It is now opening Clean Mobility Centers, where Propel is the dominant brand, with such add-on services as carbon offsets, free air for tires, ride-share finding, bicycle tuning, and recycling.
Propel says it will “collaborate with Eco-Energy to identify and work with local producers and next-generation fuel suppliers to bring responsible, high performance, renewable fuels into all its fuel blends.”
Eco-Energy is the third-largest renewable energy marketer in the country, Propel says. Josh Bailey is marketing and trading VP and Eco-Energy. Paul Melgaard is VP for fuels supply.
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