TruStar Energy Expands Despite Record Low Oil Prices

Feb 08, 2016, 06:00 ET from TruStar Energy

WHITE PLAINS, N.Y., Feb. 8, 2016 /PRNewswire/ -- TruStar Energy, one of the nation's leading developers of compressed natural gas (CNG) fueling stations, announced today that the company completed 41 stations for public and private use in 2015, almost doubling the number of CNG stations from 2014, and bringing total completed stations by TruStar Energy to 120. This was accomplished during this period of unusually low oil prices.   

The demand for public and private CNG-fueling stations by fleet owners and operators across the U.S. is continuing to increase because the lower carbon fuel delivers more stable pricing, is a cleaner fuel than diesel and can still provide an attractive ROI for certain applications. Lack of a U.S.-wide CNG fueling infrastructure remains a challenge to wider adoption of CNG in the trucking industry.

"Despite the low price of oil, the transition to CNG still makes environmental and financial sense for many fleet owners," said Adam Comora, President of TruStar Energy. "We are seeing strong demand for CNG fueled vehicles and fueling stations in the refuse industry because of the financial benefits and by municipalities where sustainability is of paramount importance. With the right application, larger corporations that operate their own fleets are beginning to shift to CNG because the economics can still be supported and the abundant, domestically produced fuel shields them from the volatility of diesel prices."

CNG is insulated from price volatility of diesel and gas that comes from international conflicts and events, which in recent years has been responsible for dramatic price fluctuations. As for the environment, CNG-powered engines produce 30 percent less greenhouse gases, and do not need the costly exhaust after treatment devices and DEF fluid required for diesel engines. Natural gas engines also have an average of 80 to 90 percent lower decibel level than diesel engines.

"With decades of experience in trucking and fueling, the company's professionals are experts at designing and building CNG fueling stations that are ready on time, on budget and are swiftly profitable for their owners," said Scott Edelbach, General Manager of TruStar Energy.

For 2016 TruStar Energy sees another strong year of construction revenue growth, expansion of TruStar Energy branded public locations and the continued roll out of a TruStar Energy national service platform. Based on our contracted pipeline, TruStar Energy will be approaching 80 million GGE (gasoline gallon equivalent) under long term service agreements by the end of 2016.

To learn more about TruStar Energy's CNG fueling station program, visit www.trustarenergy.com.

About TruStar Energy
TruStar Energy, a subsidiary of Fortistar, is one of the nation's leading developers of Compressed Natural Gas (CNG) fueling stations. With decades of experience in trucking and fueling, the company's professionals are experts at designing and building CNG fueling stations that are ready on time, on budget and that are profitable for their owners. And with a rapidly growing network of public stations and 24/7 service and support, we're always there when you need us.

TruStar Energy puts fleet owners in the driver's seat by offering best-in-class, realistic and affordable options to meet a full range of fueling needs. For additional information, please visit www.trustarenergy.com and follow us on LinkedIn, YouTube, Twitter, and Facebook.

TruStar Energy: True Partnership. For a Change.

TruStar Energy Media Contact:
Jeffry Swertfeger
jswertfeger@trustarenergy.com
813-957-1846

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SOURCE TruStar Energy



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