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Worcester Fuel Company to Launch Green Energy Division

Worcester Fuel Company to Launch Green Energy Division C.K. Smith Co., Inc., a Worcester fuel and energy services dealer for over 115 years, is going green. The company has introduced its Alternative Energy & Services Division. The new division includes its environmentally-friendly Hybrid-Energy

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Credit Lines and Borrowing

On July 29, 2008 Independent Connecticut Petroleum Association issued a memorandum to all its heating oil retailer members outlining the challenges and opportunities faced in assembling the credit lines and borrowing needs for the coming winter. The average 2.5 million gallon company that had to capitalize $1,150,000 for wholesale oil in 98/99 is looking at $9,125,000 in 08/09. That same ...

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Massachusetts Passes Advanced Biofuels Bill

Massachusetts Passes Advanced Biofuels Bill The Massachusetts House of Representatives has passed legislation that would make Massachusetts the first state in the nation to exempt cellulosic ethanol from state gasoline taxes. The bill also requires diesel fuel and oil heat distributors to start adding biodiesel or renewable diesel to their fuel blends in 2010. ‘The House has taken another meaningful ...

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Oil Equipment Manufacturing adds Sales Staff

Oil Equipment Manufacturing, LLC (Ansonia, Conn.), has announced the addition of Richard Breeden to its sales staff.  Breeden brings over 22 years of experience in our industry, having been product manager for Highfield MFG Co.’s Firomatic product line.  Breeden is a member of both the Fairfield County and New Haven, Conn., chapters of the National Association of Oil Heat Service ...

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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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