OVERLAND PARK, Kan.,
Jan. 18, 2011 /PRNewswire/ --
Ferrellgas Partners, L.P. (NYSE: FGP), today announced the launch
of a website in support of its autogas business segment,
FerrellAutogas (www.ferrellautogas.com). The site provides
resources and information for businesses looking to convert their
fleets to clean-burning propane autogas.
"The case for converting fleets to autogas gets better every
day," said Steve Wambold,
Ferrellgas' Chief Executive Officer. "Propane powers 14 million
vehicles worldwide, and we believe that the domestic marketplace is
just waiting for a clean fuel that provides the power fleets need
at a price that benefits their bottom line."
In addition to significant environmental benefits like a 60- to
70-percent reduction in smog-producing hydrocarbons when compared
to gasoline, a 96-percent reduction in toxins and carcinogens like
benzene and toluene, and a 20-percent reduction in NOx, propane
autogas offers performance benefits like lower cost of ownership
and longer service life when compared to traditional fuels. An
added benefit is that, unlike a number of other alternative fuels,
an autogas-powered vehicle's torque and towing capacities are
identical to that of gasoline and diesel-powered versions, even
while reducing the frequency of scheduled and preventative
maintenance.
As an additional benefit, the recently signed Tax Relief,
Unemployment Insurance Authorization and Job Creation Act of 2010
may allow some businesses and school districts using propane to
power their fleets and forklifts the opportunity to receive
substantial tax credits, including a $0.50 per gallon credit through December 31, 2011, retroactive to 2010. In
addition, the alternative fuel infrastructure tax credit has also
been extended, allowing businesses that install autogas fueling
stations to recover 30% of the cost of the installation, not to
exceed $30,000. Fueling station
owners who install qualified equipment at multiple sites are
allowed to use the credit toward each location.
"Even if there weren't significant federal and state tax
benefits, propane autogas supplies fleet owners and operators with
a realistic return on investment when compared to traditional
fuels," added Wambold. "FerrellAutogas is a smart move for
Ferrellgas, and a great opportunity for domestic fleets to embrace
a right-here, right-now alternative fuel."
Ferrellgas Partners, L.P. (www.ferrellgas.com) is a Fortune 1000
company and, through its operating partnership, Ferrellgas, L.P.,
serves approximately one million customers in all 50 states, the
District of Columbia, and
Puerto Rico. Ferrellgas employees
indirectly own more than 20 million common units of the partnership
through an employee stock ownership plan.
Contacts:
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Jim Saladin,
913-661-1833
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Scott Brockelmeyer,
913-661-1830
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SOURCE Ferrellgas Partners, L.P.