Breaking News

Renewable Energy Group’s Acquisition of U.S. Biodiesel Group

Iowa-based Renewable Energy Group® has received regulatory approval to complete the previously announced acquisition of a biodiesel production facility in Houston, Texas and a liquid storage terminal in California. Construction of the biodiesel facility is complete and Renewable Energy Group slated biodiesel production start-up on July 7. REG Houston will be utilized under a newly signed manufacturing agreement, which will ...

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Simpson Dura-Vent Acquires ProTech Systems, Inc.

Simpson Dura-Vent Co., Inc. announced the company purchased 100 percent of the stock of Protech Systems, Inc., a N.Y. company. Protech Systems Inc. is a leading manufacturer of special gas vents for residential, commercial and industrial applications. The company also manufactures flexible stainless steel chimney liners for masonry chimneys.   Protech Systems was founded in 1985 as a product development and ...

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Bacharach Inc. Hires New Director of Marketing

Bacharach Inc. (New Kensington, Penn.), a leading manufacturer of gas analysis, leak detection, refrigerant monitoring and recovery products, has recently hired Tim Bass as its new director of marketing.  As well as taking over the marketing and advertising duties at Bacharach, Bass will also oversee the customer service and repair departments.  This comes after the company’s recent acquisition by PNC ...

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ICPA Initiates Pro Oil Heat Campaign against Natural Gas

The week of June 23 saw the beginning of a summer-long campaign initiated by the Independent Connecticut Petroleum Association on radio to combat the natural gas utilities efforts to encourage heating oil customers to switch to natural gas. Yankee Gas and Connecticut Natural Gas have been using radio and direct mail to encourage conversions. ICPA has already distributed just over ...

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ASTM Approves B5

The efforts of the National Oilheat Research Alliance (NORA), the National Biodiesel Board (NBB) and the manufacturers led by R.W. Beckett met with success on June 18, 2008 in Vancouver, Canada, as the American Society for Testing and Materials (ASTM) approved a 5 percent blend of biodiesel in heating oil. This effort has been underway for several years, as NORA ...

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Connecticut Diesel Excise Tax Rate Increase

By an act of the Connecticut legislature, the state’s diesel excise tax rate increased from its present 37 cents per gallon up to 43.4 cents per gallon, adding 6.4 cents per gallon to the tax, effective July 1, 2008. The full DRS bulletin is found at the ICPA Web site.

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NEFI Compliance Kit

NEFI Compliance Kit The IRS is now enforcing EPA sulfur spec regulations and requirements for diesel fuel, kerosene and heating oil. If you sell, transport or store these fuels, you must be in compliance. Failure to comply may result in fines of up to $32,000 per day, per violation. And, the IRS will be providing fuel compliance officers (FCO’s) to ...

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ICPA on Retailer’s Credit Issues

The Independent Connecticut Petroleum Association met with the federal Small Business Administration and the state of Connecticut’s Energy Office at the Office of Policy & Management on July 7 and with the state of Connecticut’s business advocate Rob Simmons on July 8 concerning heating oil retailer credit/capitalization issues. Recently, 95 out of 165 of ICPA’s heating oil retailers using electronic ...

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Sign Up Now For 2008’s Official Nora-PMAA-NEFI Heating Oil Conference ‘ Visions 2008

The meeting will be held Sept. 8-10, 2008 at the Boston Logan Airport Hilton Hotel. You can go to www.VISIONS2008.org to register or reserve a tabletop. Sponsorship opportunities are also available.  To book a hotel room at the Hilton, go to  www1.hilton.com/en_US/hi/hotel/BOSLHHH-Hilton-Boston-Logan-Airport-Massachusetts/index.do  and enter the group code NEF to get the NEFI Visions rate. 

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American Energy Coalition Creation

Across the country, utilities are taking advantage of the current discrepancies in fuel pricing and promoting oil heat to gas conversions. In response, home heating oil dealers have banded together to create the American Energy Coalition (AEC), a new grassroots organization committed to a direct, aggressive response to this challenge. AEC’s mission is to become the premier organization for competitive ...

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