2008-11-10 03:38:01 -
- CleanFUEL USA and ConocoPhillips (NYSE:COP) have signed a three-year agreement to advance propane infrastructure for the U.S. transportation fuel industry. Under the agreement, the two companies will provide resources to install and supply propane fuel pumps for commercial fleet fuel users. Propane fueling stations will be installed not only at fleet owner sites, but may also be made available
nationwide at select ConocoPhillips' branded stations, which include Conoco, Phillips 66 and 76 stations. ConocoPhillips will supply propane to the fueling stations through regional propane marketers.
"This agreement with ConocoPhillips is a huge step forward for the U.S. propane engine fuel industry," said Curtis Donaldson, CleanFUEL USA's founder and CEO. "With support from an energy company, the industry can start to overcome the infrastructure challenge that has once been a sticking point for fleet managers and automotive OEMs considering propane for its inherent advantages. We look forward to working with ConocoPhillips to expand the distribution of propane, leveraging its established infrastructure footprint."
Propane is an alternative fuel with lower greenhouse gas emissions than gasoline or diesel. Reliable propane engine performance and maintenance has been proven by utilizing new technology developed from both Ford/Roush and General Motors (GM), which uses the CleanFUEL liquid propane injection (LPI) system. Both Ford/Roush and GM are developing additional propane engine platforms in 2009.
"CleanFUEL USA is a leader in propane engine technology and the installation of alternative fuel infrastructure," said Chris Conway, president americas supply & trading, ConocoPhillips. "The company's expertise complements ConocoPhillips' strengths in propane supply and relationships with branded fuel marketers to ensure that we meet the market's growing need for propane. Through this collaboration our branded marketers can participate in expanding their fuel offering and providing a solution for this growing customer base."
About ConocoPhillips
ConocoPhillips is an integrated energy company with interests around the world. The company has operations in nearly 40 countries and approximately 33,000 employees. Headquartered in Houston, ConocoPhillips is the third-largest integrated energy company in the United States. For more information, go to www.conocophillips.com.
About CleanFUEL USA
CleanFUEL USA, founded in 1993, is located in Georgetown, Texas with administrative and sales offices in Michigan, California and Louisiana. CleanFUEL USA has international subsidiaries CleanFUEL India in New Delhi and CleanFUEL Argentina in Buenos Aires. CleanFUEL USA is recognized as the leading manufacturer of certified and approved alternative fuel dispensing equipment for both propane and E85. The company distributes OEM and aftermarket propane engine fuel systems, fleet management network services, and associated technical support, training and fuel contract services.
CleanFUEL USA
Crystelle Markley, 512-864-0300
crystelle@cleanfuelusa.com
or
Lois Paul & Partners for CleanFUEL USA
Lauren Whittenberg, 512-638-5322
lauren_whittenberg@lpp.com
or
ConocoPhillips
Bill Graham, 281-293-1978 (media)
or
Mike Schwartje, 281-293-1033 (marketing)
