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FOR MORE INFORMATION:
Monte Shaw, 515-252-6249
FOR IMMEDIATE RELEASE
January 4, 2008
E85 Sales Continue to Grow During 3rd Quarter of 2007
3rd Quarter E85 Sales Up 48 Percent Over Same Period Previous Year
JOHNSTON, IA – The Iowa Renewable Fuels Association (IRFA) today announced that E85 sales in Iowa continued remarkable growth during the third quarter of 2007. According to newly released Iowa Department of Revenue data, sales of E85 by Iowa retailers reached 941,547 gallons during the third quarter of 2007. That was a 48 percent increase over the same time period in 2006.
“E85 continues to be a great bargain for Iowa consumers,” said Monte Shaw, IRFA Executive Director. “Strong demand growth sends a signal to retailers that there is definitely room for many more E85 pumps in the state. And we are seeing movement. In the three months since this reporting period, Iowa has added 10 E85 pumps, bringing the total to 78.”
Iowa currently has 78 E85 retail outlets. A list of all the E85 stations can be found at: www.iowarfa.org/ethanol_e85refueling.php. Retailers interested in installing an E85 pump can receive a grant from the Iowa Department of Economic Development. Information and a grant application may be found at: www.iowalifechanging.com/business/renewablefuels.html.
Iowa is the leader in renewable fuels production. Iowa has 28 ethanol refineries with the capacity to produce over 2 billion gallons annually. There are 18 ethanol refineries under construction or expansion that will add 1.6 billion gallons of annual capacity. In addition, Iowa has 16 biodiesel refineries with a combined annual capacity of over 350 million gallons either in operation or under construction. Many additional renewable fuels projects are under development.
The Iowa Renewable Fuels Association was formed in 2002 to represent the state’s ethanol and biodiesel producers. The trade group fosters the development and growth of the renewable fuels industry in Iowa through education, promotion, legislation and infrastructure development.
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