Leading supplier of unique biofuel formulations continues to invest in New York
For information, contact:
Albany, N.Y. (March 15, 2016) – This month Sprague Operating Resources LLC (“Sprague”) is celebrating 10 years of offering biodiesel in Albany, N.Y. The company’s biodiesel storage and injection system was inaugurated at Sprague’s Albany terminal on March 30, 2006, and represented Sprague’s first major capital investment designed to increase the availability and distribution of biodiesel blended fuels in the Northeast.
Sprague began supplying biodiesel to customers in 2000, and was the first National Biodiesel Board Certified BQ-9000 terminal marketer in the United States. The storage and injection system in Albany six years later strengthened Sprague’s ability to supply the fuels, and extended the range of availability to customers in upstate New York, Vermont, and Massachusetts. The investment provided a more consistent supply of high-quality biodiesel to customers and afforded a solution to difficulties customers faced when transferring biodiesel from railcars and transport trucks into their delivery fleet. In addition, Sprague’s facility enabled customers to adjust biodiesel blend percentages to meet their unique needs.
Speaking at the opening event in 2006, New York Governor George E. Pataki said, “We recognize the need to reduce our dependence on imported energy, and this new facility shows that this vital energy transition is not only possible, but already underway.”
Since that time, Sprague’s expertise and ability to supply a variety of biodiesel products from its terminal in Albany have resulted in the company expanding availability to other locations in its network and remaining one of the leading suppliers of biodiesel in the region. Sprague recently completed an investment in its Bronx terminal that gives its customers access to dozens of varieties of biodiesel blends.
“It’s as exciting today as it was 10 years ago when we invested in and opened the biodiesel storage and electronic rack injection blending system at our Albany terminal,” said David Glendon, president and chief executive officer. “The Albany project illustrated our belief in offering customers a variety of biodiesel blends, and our $3 million investment in the Bronx terminal last year highlights our continued commitment to offering customers these fuels.”
To learn more about the products offered in Albany or Bronx, N.Y., or throughout Sprague’s 19-terminal network, visit http://www.spragueenergy.com/action-bar/terminals
About Sprague Operating Resources LLC:
Sprague Operating Resources LLC is engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas. Sprague owns and/or operates a network of 19 refined products and materials handling terminals strategically located throughout the Northeast. Sprague distributes natural gas to more than 16,000 commercial and industrial customer locations across 12 states and Washington, D.C. More information is available at: www.spragueenergy.com.
This press release may include forward-looking statements. These forward-looking statements involve risks and uncertainties. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Sprague’s prospectus and SEC filings. Sprague undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.