Dallas-based Evolution Fuels, Inc. has announced a plan to put the biodiesel it produces in five of its own truck stops.
This company press release says the company hopes that by controlling the entire supply-to-user chain, the venture will be successful:
The Company’s ownership in the Willie’s Place at Carl’s Corner Truck Stop located near Hillsboro, TX has provided valuable experience and insight into how and where to create similar truck stop operations. In May of this year, the Company announced the formation of its subsidiary, “Legends Travel Centers LLC,” to hold its ownership in truck stop projects, and is actively pursuing existing truck stop operations in Texas and Oklahoma with the concept of establishing five “Legends Travel Centers”-branded facilities.
The Company has developed a plan to allow its facility located in Durant, Oklahoma to process relatively low-cost animal fats into biodiesel. The company is in the process of negotiating a contract for the supply of these fats, which exist in close proximity to Durant.
The Company intends to produce sufficient biodiesel to supply the five truck stops for the biodiesel portion of the B20 (20% biodiesel/80% petroleum diesel) planned for sale at the high-speed commercial truck fuel dispensers. The Company has retained Informa Economics, Inc. to assist with the financial pro forma modeling of the entire operation, and anticipates aggressive margins as a result of the ability to utilize low-cost feedstock and the direct sales through the retail dispensers, thereby retaining all of the margins throughout the fuel supply chain.
In the future, Evolution wants to partner with makers of fuel dispensers to come up with new technology that would blend biodiesel and petroleum right at the pump.