Able Energy, Inc. Optimizes Its Supply Chain for Renewable Fuel Products.ROCKAWAY, N.J. -- Able Energy, Inc. ("Able") announced today that it has agreed to sign an agreement with TransMontaigne Inc., a leading supply chain management and fuel logistics company. The agreement allows Able Energy to optimize its fuel supply chain, accelerating distribution of biodiesel, a clean-burning, soy-based alternative fuel product. As a result of the alliance with TransMontaigne, Inc., Able Energy, Inc. is taking a giant step forward in advancing the company's commitment to conservation, energy efficiency, and environmental health. With access to the TransMontaigne fuel supply chain platform, Able Energy Inc. will be able to provide its customers with fast, efficient and reliable access to biodiesel fuel. Biodiesel is a clean-burning, 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 alternative produced from domestic renewable resources. Biodiesel can be used efficiently in diesel engines and in home heating oil applications. Derived from natural oils like soybean oil Soy´bean oil n. 1. an oil obtained from the soybean (Glycine max), rich in protein, fats, sterols, and phospholipids, used as a food and in paints and varnishes and in various industrial applications; - , biodiesel meets the rigid specifications set forth by ASTM ASTM abbr. American Society for Testing and Materials (American Society of Testing Materials). While biodiesel contains no petroleum, it can be used in its pure form or blended at any level with petroleum diesel to create a cleaner burning biodiesel blend. Studies show that the use of biodiesel in conventional diesel engines and home heating applications can substantially benefit the environment and human health. Biodiesel has been shown to emit lower levels of carbon monoxide carbon monoxide, chemical compound, CO, a colorless, odorless, tasteless, extremely poisonous gas that is less dense than air under ordinary conditions. It is very slightly soluble in water and burns in air with a characteristic blue flame, producing carbon dioxide; , unburned hydrocarbons, and particulate matter particulate matter n. Abbr. PM Material suspended in the air in the form of minute solid particles or liquid droplets, especially when considered as an atmospheric pollutant. Noun 1. compared to conventional diesel fuel. In addition, exhaust emissions such as sulfur oxides, sulfates (major components of acid rain), and aromatics are essentially eliminated in biodiesel. Able Energy will offer a biodiesel blend for use in home heating applications supplied by TransMontaigne Inc. In addition, Able Energy's acquisition candidate, All American Plazas, Inc. has commenced use of a new biodiesel fuel blend also supplied by TransMontaigne Inc. at its All American Plaza truck stops in Doswell, Virginia, along with Bethel and Harrisburg, Pennsylvania. "Biodiesel represents an exciting opportunity environmentally and economically for the region," states Able Energy CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Gregory Frost, "and it can be used in existing engines without compromising performance." Frost adds, "We're using a similar blend for our home heating oil business through Able Oil and PriceEnergy.com. We're partnering with TransMontaigne because its Navitus(TM) Supply Chain Platform is a valuable tool and because TransMontaigne is a leading supplier of BQ9000, the gold standard of biodiesel fuel quality." Executive Vice President of TransMontaigne, Rick Eaton, states, "Able Energy is to be commended for leading the way in bringing clean-burning, environmentally friendly fuel alternatives into the retail market. We applaud Able Energy for demonstrating industry-leading vision and innovation in creating a cleaner environment, both at home and on the road." About Able Energy, Inc. Headquartered in Rockaway, New Jersey
Rockaway is a borough in Morris County, New Jersey, USA. As of the United States 2000 Census, the borough population was 6,473. , Able Energy is a holding company for five operating subsidiaries engaged in the retail distribution and provision of services related to home heating oil, diesel fuel, and kerosene kerosene or kerosine, colorless, thin mineral oil whose density is between 0.75 and 0.85 grams per cubic centimeter. A mixture of hydrocarbons, it is commonly obtained in the fractional distillation of petroleum as the portion boiling off . About TransMontaigne Inc. TransMontaigne Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :TMG TMG - TransMoGrifier. An early language for writing recursive descent compilers. It was macroed from the IBM 1604 to the IBM 709 to the IBM 7094 to the GE-635, where it was used by McIlroy and Morris to write the EPL compiler for Multics. ), headquartered in Denver Colorado, provides logistically integrated transportation, terminal, supply, distribution, gathering, processing and marketing services through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. . TransMontaigne's core competency is collaborative Fuel Supply Chain Management for refined petroleum products. This announcement includes forward-looking statements based on current expectations. Actual results may differ materially. These forward-looking statements involve a number of risks and uncertainties including, but not limited to, the closing of future financing, the possibility of continuing operating losses, the ability to adapt to rapid technological change, the receipt and fulfillment of new orders for current products, the timely introduction and market acceptance of new products and the ability to establish and maintain strategic partner relationships. |
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