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Author Archives: Stephen Bennett

Building a Bulk Plant: Van Etten Oil & Propane Expands

Over a period of about six weeks this spring, Van Etten Oil & Propane built a 60,000-gallon propane storage system on its property in Monticello, N.Y. Here are some other facts about the project: -Two 30,000-gallon propane tanks, made of half-inch thick steel, each weighing 80,000 pounds when empty -The facility has one loading stanchion, and is piped for a ...

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On Setting a Price for Your Company

What a seller takes home after the sale is more important than the price the company sells for, writes columnist Steven Abbate: After years of hearing that companies can’t be valued by the gallon, owners are beginning to grasp the idea that companies are valued based on return on investment, usually in the form of a multiple of EBITDA (Earnings ...

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EPA Funding to Help Fleets Reduce Diesel Emissions

The U.S. Environmental Protection Agency (EPA) announced the availability of grant funding to modernize the nation’s diesel fleet by retrofitting or replacing vehicles with cleaner, more efficient diesel engines. EPA anticipates awarding approximately $40 million in Diesel Emission Reduction Program (DERA) grant funding to eligible applicants, subject to the availability of funds. “These grants will incentivize improvements to aging diesel ...

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Women in Propane: Focus on Mentoring

The Knowledge Exchange, a mentoring program run by the NPGA Women in Propane Council, is entering its third year. Mentors are industry veterans who volunteer their time. “They’re basically donating their time to help with the development of fellow employees within the industry,” Jennifer Jackson, a vice president for Thompson Gas in Boonsboro, Md., said. Jackson is the project manager ...

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What’s Behind the Rise in the Price of Oil?

Back in the day, before hydraulic fracturing or “fracking” and the Shale Gas and Oil Revolution, the U.S. imported a lot of crude oil from Saudi Arabia and other Middle Eastern countries, as well as North African nations and Venezuela. In those days that weren’t really very long ago, U.S. oil production was down to about five million barrels per ...

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Paraco Opens Refurbishing Site

Paraco Corp. opened a propane tank refurbishment center in Waterbury, Connecticut. The center is equipped to refurbish cylinders used in barbecue grills and residential tanks. Filling is done at the site by trained employees. The center offers employment for a number of Waterbury residents, enables production of over 1.3 million units annually, and allows Paraco to maintain control over its ...

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Renewable Energy Group Launches REG Ultra Clean Diesel

Renewable Energy Group, Inc. launched REG Ultra Clean Diesel at the Advanced Clean Transportation (ACT) Expo in Long Beach, California, on May 1. REG Ultra Clean Diesel, a low-emission diesel fuel, is a patent-pending fuel made of a proprietary blend of renewable diesel and biodiesel, the company said, adding that the fuel is approved by the California Air Resources Board ...

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Energy Distribution Partners Acquires Washington State Propane Marketer

Energy Distribution Partners (EDP), Chicago, Illinois, acquired a privately-owned propane marketer that operates in four counties in the greater Seattle area under the names Kitsap Propane and Jefferson Propane. EDP said the companies, acquired from Larry Brooke and his wife Leah Henry, provide propane and propane equipment to residential and commercial customers in Kitsap, Jefferson, Mason and Clallam Counties. The ...

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RFS Architects Call on Congress to Do More

Former Senators Byron Dorgan (D-N.D.) and Jim Talent (R-Mo.), who played key roles in developing the Renewable Fuel Standard, called for Congress to investigate the EPA’s recent waivers to major refiners. The National Biodiesel Board, which says it supports “a strong Renewable Fuel Standard,” hailed the action by the former senators, in a statement issued April 25. “Who better to ...

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