May 17, 2009

Evolution Fuels Forms Retail Subsidiaries

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DALLAS --- Evolution Fuels Inc. said it has formed two new subsidiaries to carry out its strategy of raising market awareness of renewable fuels. 

One subsidiary, "Legends Travel Centers," will hold the company's ownership in the Willie's Place Truck Stop near Hillsboro, Texas, and will work to create similarly themed truck stops in the southwestern and southeastern regions of the United States. The truck stops will offer varying blends of biodiesel to truckers and fleet operators, as well as country music star memorabilia and souvenirs, trucker amenities, and dining facilities. 

The second subsidiary, "Evolution Fuel Plazas," will hold urban and suburban fuel station/convenience store facilities that will offer blends of ethanol, as well as petroleum fuel, to passenger vehicle drivers. This subsidiary intends to provide ethanol blends of 15 percent up to 85 percent. 

"Over the next several weeks, we will be working to finalize sites for the initial fuel stations and truck stops," said Evolution Fuels Chief Operating Officer Tim Harrington. "We are in the process of establishing fuel supply and pump arrangements for the blended fuels." 

Evolution Fuels said it is currently evaluating potential locations for its fuel station subsidiary and will pursue potential partners for the acquisition or construction of additional truck stop facilities. 

Evolution Fuels plans to supply biodiesel to these future retail locations from its biodiesel production facility located in Durant, Okla.

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