Wednesday, April 14, 2010

CleanFuel USA, Ferrellgas to develop propane fueling stations

Propane’s reputation as an economic alternate fuel to gasoline or diesel is likely to get a boost thanks to a recent US Department of Energy grant.

Ferrellgas Partners LP, a propane distributor, and CleanFuel USA plan to develop retail propane refueling stations in 11 cities. DOE awarded CleanFuel USA $13 million through the Clean Start initiative to construct a propane refueling network.

The designated fuel partner, Ferrellgas is helping CleanFuel USA identify locations, submit permits, construct sites, and maintain the systems.

The companies expect to break ground on the first station during the third quarter. They will start in the Dallas area and also plan stations in Austin, Baton Rouge, Chicago, Indianapolis, Lake Charles, New Orleans, Orlando, Phoenix, San Antonio, and St. Louis.

Tony Dale, Ferrellgas national director of engine fuels, said propane is the most widely used fuel after gasoline and diesel.

Raymond James & Associates Inc. analysts suggested in a research memo that the use of propane as a mainstream engine fuel could serve as a long-term growth catalyst for Ferrellgas and the retail propane industry in general.

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1 Comments:

Blogger jawwad said...

it is good but you donot mantain about how it works and is it cheaper than gasoline or not.

April 21, 2010 at 3:41 PM  

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