New gas station chain ("Refuel America") to market its own biofuels

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Thread: New gas station chain ("Refuel America") to market its own biofuels

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    New gas station chain ("Refuel America") to market its own biofuels

    Refuel America chain to open 14 biofuel stations in Charlotte area
    NewGen Technologies, Inc. ("NewGen") (OTCBB: NWGN) today announced that they have completed a Strategic Agreement with Granite Group Chicago, LLC ("Granite") for the exclusive rights to develop an innovative gas station convenience store prototype design and the rights to immediately begin development of a minimum of 14 retail locations over the next two years in the Charlotte, North Carolina market.

    "This relationship with Granite Group is exciting as it gives us the ability to immediately begin the development and rollout of our 'ReFuel America' branded locations," said NewGen Chairman and CEO Bruce Wunner. "This agreement will provide us with the capital and expertise to develop an innovative, renewable fuel-focused concept location with an initial launch targeted for the Charlotte market."

    "Granite will assist with the acquisition and development of attractive real estate in prime locations for our next generation retail branded outlets." Wunner added. "Launching the ReFuel America brand in these locations gives us a unique opportunity to supply our own biofuel (ethanol and biodiesel) products to consumers, blended at and distributed from our own local fuel terminals. As with our previous announcements on the production and supply of biofuels by NewGen Biofuels to APPCO and other customers, our ReFuel America locations further completes our 'Fields-to-Wheels™' supply chain, delivering competitively-priced premium blended biofuels to the market."

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    3.6 Liter SIDI V6 cincygoblue's Avatar
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    Re: New gas station chain ("Refuel America") to market its own biofuels

    It's a great idea. But where do they get the gasoline portion of the E85? Who in Big Oil is gonna sign-up to bring along a new competitor?
    "Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free."

    - Ronald Reagan

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