24-7 Travel Stores Rolls Out Biofuels, Moves Forward With EV Vision
In the years ahead, there will be many alternative fuel funding opportunities for fuel retailers to consider. These opportunities can help minimize the capital expenditures necessary to adapt to different fuel technologies that will be commercialized in the years ahead. Mark Augustine, president of 24-7 Travel Stores by Triplett Inc., embraces alternative fuels.
The U.S. Department of Agriculture (USDA) announced recently that it plans to award approximately $22 million in competitive grants to expand the sale and use of renewable fuels, including biodiesel. Specifically, USDA said the Higher Blends Infrastructure Incentives (HBIIP) program aims to encourage a comprehensive approach to marketing higher blends by sharing the costs relating to upgrading fuel dispensers (gas and diesel pumps), related equipment, and other infrastructure required at a location to ensure the environmentally safe availability of ethanol blends containing greater than 10 percent of biodiesel blends greater than 5 percent…
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