AGE Refining Begins Blending B20 for Southwest Texas Markets; San Antonio-Based Refinery Offers B20 for First Time in Texas 'At The Rack'.SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. -- AGE Refining, Inc., an independent refinery based in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , announced today the launch of its B20 biodiesel fuel, a 20% mixture of biodiesel and 80% diesel fuel that meets EPAct (Energy Policy Act) compliance. The product will be a blend of two premium products -- sulfur free, soybean-based and renewable biodiesel, provided by Houston-based Gulf Hydrocarbon hydrocarbon (hī'drōkär`bən), any organic compound composed solely of the elements hydrogen and carbon. The hydrocarbons differ both in the total number of carbon and hydrogen atoms in their molecules and in the proportion of hydrogen Inc., and AGE's premium diesel. B20 is competitively priced with current market premium diesel and will meet distributor's increased demand for biodiesel since the Volumetric volumetric /vol·u·met·ric/ (vol?u-met´rik) pertaining to or accompanied by measurement in volumes. vol·u·met·ric adj. Of or relating to measurement by volume. Ethanol Excise Tax Excise Tax 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the IRS. Notes: 1. Credit recently approved for use of biodiesel. In addition, Texas has reduced its state fuel excise tax from 20 cents/gallon to 16 cents/gallon to encourage use of B20 biodiesel fuel. AGE's introduction of B20 is the first time in Texas that this environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] fuel will be available at the refinery rack. Typically distributors have had to load fleet fuel tanks with 2500-7500 gallons and transport it to wholesale petroleum distributors (known as jobbers) across the state. Now jobbers can purchase B20 straight from AGE's rack at their San Antonio-based refinery, reducing transportation costs and increasing productivity. The B20 biodiesel fuel will be available from respected petroleum distributors throughout the South Texas area including: Dixie Oil Company Tetco, Inc. San Antonio, TX San Antonio, TX Johnson Oil Company World Fuel Services, Inc. Gonzales, TX Houston, TX Glen Gonzalez, Executive Vice President, AGE Refining, Inc., said, "We are committed to providing a competitively priced, environmentally friendly biodiesel that is convenient and easy to transport. AGE Refining's ability to offer B20 underscores our mission: a commitment to the environment that equals our commitment to producing high-quality fuels." About AGE Refining AGE Refining is an independently owned refinery and the only refinery operating in San Antonio, Texas. Since 1992, AGE has been producing jet fuel, diesel and specialty solvents for customers such as the federal government, San Antonio's public transportation system, large local truck fleets and commercial airlines. AGE Refining was recognized by the San Antonio Business Journal in 2004 as one of the fastest-growing companies as well as #15 in the Top 50 Private Business Awards. The company is the only Hispanic-owned refinery in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For more information visit www.agerefining.com About Gulf Hydrocarbon Gulf Hydrocarbon Inc. provides for the biodiesel market all aspects of services, products, and strategies. We offer biodiesel production Biodiesel production is the process of synthesizing biodiesel. Biodiesel is a liquid fuel source largely compatible with petroleum based diesel fuel. The most common method for its manufacture is synthesis by reacting a glyceride-containing plant oil with a short chain alcohol such , biodiesel blending, plant operation, tolling, marketing, hedging, consulting, and biodiesel plant development and financing. Gulf Hydrocarbon was incorporated in Texas in 1997. Gulf Hydrocarbon Inc. is a member of the National Biodiesel Board The National Biodiesel Board, headquartered in Jefferson City, Missouri, was created in 1992 by America's soybean interests with the express purpose of getting biodiesel accepted into America's fuel mix. . For more information visit www.GulfHydrocarbon.com |
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