The station development project is known as Low Carbon Fuel Infrastructure Investment Initiative (LCF13). Propel will match the grant with $16 million in private investment. Besides the environmental benefits – displacement of 39 million gallons of petroleum and 187,500 tons of CO2 emissions per year – LCF13 has the potential to create over 450 green jobs in California.
“This grant brings a new choice to Californians looking to do their part to reduce our nations’s dependency on imported oil and help meet the state’s emission reduction goalsâ€, said Propel Fuels’ CEO, Matt Horton.
The project funding was awarded by the U.S. DOE Clean Cities’ Petroleum Reduction program (approximately $6.9 million) and California’s Alternative and Renewable Fuel and Vehicle Technology program ($4 million). Both sources of funding have as their goal to reduce petroleum consumption and gas emissions by increasing the use of renewable sources of fuel. California has the largest fleet of alternative fuel fleet vehicles in the United States.
In conjunction with the new station build-out, Propel will work with CALSTART and East Bay Clean Cities to educate consumers and fleets on the advantages of clean fuel and to increase awareness of current and future options.
“More than one million and Flex Fuel passenger cars are capable of running on renewable fuels, but there hasn’t been a sufficient number of renewable fuel stationsâ€, said John Boesel, CALSTART’s President and CEO. “This program takes a major step forward.â€
Construction work has already started in major markets across California. The 75 stations funded by the project are expected to be completed by the end of 2011.
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