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PeI joins e85 coalition The Petroleum Equipment Institute (PEI) has joined the ‘Coalition for E85’ – a group of retailers, producers, equipment manufacturers and other supporters of E85 fuel. PEI executive Vice President Robert Renkes says the goal of the Coalition is to protect the investments of 2 500 small businesses and stop a multimilliondollar tax hike on consumers. “Fuel marketers, equipment manufacturers and the motoring public have invested a significant amount of money in building the E85 infrastructure and flex-fuelled vehicles”, said Renkes. “We must not abandon E85 this close to self-sustainability.” Currently, other alternative fuels, such as compressed natural gas, propane and hydrogen, receive a US $ 0.50 per gallon tax credit as part of the Alternative Fuel Credit and the Coalition believes E85 should be included as well. Propel Fuels voted most promising company Propel Fuels, a leading retailer of renewable fuels, has been chosen by Forbes Magazine as one of the most promising companies in America. Forbes’ list of ‘America’s Most Promising Companies’ features 100 privately held up-and-comers with compelling business models, strong management teams, notable customers, strategic partners and investment capital. At 42nd, Propel is the highest ranked renewable energy company on the list and was recognized for its ground breaking approach in a traditional industry and for the large market opportunity served by its fuelling stations. Today there are more than 20 million cars on the roads of America that can fill-up with alternative fuels and millions more in production each year. buchanan energy sell 61 gas stations Buchanan Energy LLC has tapped NRC Realty & Capital Advisors LLC to sell 61 gas stations in the Chicago and St. Louis areas. The sites up for sale are 38 ExxonMobil-branded gas stations in the Greater Chicago area and 23 BP-branded stations in the Greater St. Louis area. All 61 stations are being sold with branded fuel supply, according to NRC. The sale will be conducted using NRC’s “buy one, some or all” sealed bid sale process. The bid deadline for the St. Louis-area stores is 16th February, while the bid deadline for the Chicago-area stores is 8th March. USA NEws Midocean Partners announces acquisition MidOcean Partners, a leading private equity firm, announced that it has acquired a majority equity position in Jones & Frank, a leading value-add equipment distributor and repair, maintenance and installation services provider to the fueling infrastructure industry. Jones & Frank is one of the leading distributors, servicers and installers of fueling equipment such as fuel dispensers, fuel storage tanks, pumps, nozzles, hoses, valves, point of sale Seal Beach-based Clean Energy Fuels Corp. has raised another US $ 150 million from prior investors, including legendary Oilman and Corporate Raider T. Boone Pickens. Pickens exercised warrants to purchase 15 million shares of the company’s common stock at US $ 10 per share. Pickens purchased 1.5 million of those shares and transferred the remaining lot to previous investors, including RRJ Capital, Seatown Holdings International Pte. Ltd., Chevron will be encouraging customers to use their mobile devices near a fuel pump, at least if they’re paying for gas. Chevron Corp. will be testing Google Wallet in the San Francisco and Los Angeles markets at more than 600 gas stations with contactless readers on their pumps. Chevron is only promoting About seven months ago, Joe Davis stopped selling gasoline at his Sunoco station, Pro Automotive, because he could not turn a profit with the fluctuating fuel prices and other costs. Davis’ move follows a national trend that could lead to higher prices at pumps across the nation, according to experts. Throughout Ohio today, there are about 7 600 gas stations – 1 800 fewer licensed gas retailers than in 2000 and 1 004 less Exxon sold 84 gas stations in Houston to a local company, forcing the stations to temporarily close as the new owner took over. Exxon sold the gas stations to Houston-based Landmark Industries, which has more than 170 gas sta- 22 LAteSt NeWS, LAteSt eveNtS, USA NeWS JobS – oNLINe WWW.PetRoLPLAzA.CoM – WWW.PetRoLPLAzA.CoM systems, electronic displays and related components to retail fueling stations, commercial and government fleets and emergency power customers. The Company’s network of 12 branch locations, two distribution centers and 120 technicians across fourteen states positions Jones & Frank as one of the few companies capable of servicing retail and commercial customers with locations spanning multiple regions. Clean energy raises US $ 150 million Chevron to test Google Wallet Oklahoma City-based Chesapeake Energy Corp. and Chief Capital LP, an investment fund owned by energy investor Trevor Rees- Jones. Clean Energy raised US $ 450 million in 2011 with the latest investment, Chief Executive Andrew Littlefair said. Clean Energy has annual revenue of more than US $ 200 million and hopes to clear earnings hurdles by building a network of fueling stations for the largest segment of the market. the program at West Coast locations but all of its stores with NFC readers will be able to accept Google Wallet. A report quoted a Chevron spokesperson who said the “soft launch” of Google Wallet at Chevron locations will give consumers the ability to gain first-hand experience with mobile payments. Convenience stores replacing gas stations exxonMobil sells 84 gas stations than in 2005, according to Ohio’s Bureau of Underground Storage Tank Regulation. The recent reduction in gas stations in Ohio follows a similar pattern in the United States, though the market is holding steady as convenience stores have replaced the traditional stations and sell gas along with other merchandise. In the late 1970s, there were 215 000 U.S. gas stations and that dropped to 105 000 in 1994. tions in Texas under various brand names. Most of the stations are branded Time-wise. Exxon has been slowly pulling out of the fuel retail business since 2008, selling its companyowned gas stations.

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