CountryMark Looks to Future With CNGPosted: Updated:
Indianapolis-based CountryMark believes a multi-million dollar plan to add compressed natural gas to its fuel lineup will be "an economic mover" for the state. The company says it will likely begin with four or five locations along heavily-traveled routes. Chief Executive Officer Charlie Smith tells Inside INdiana Business he believes "the future is heading in this direction," and says the time is right for the company to establish its footprint in the CNG market.
January 21, 2014
Indianapolis, Ind. -- Indiana-based CountryMark announced today plans to add Compressed Natural Gas (CNG) to its lineup of American-made transportation fuels.
"Our mission is to produce and supply market leading energy products and services," said CountryMark President and CEO Charlie Smith. "As we look at future Midwestern transportation fuel needs, we feel confident it will include CNG, and we and our branded dealers are excited about building the CNG infrastructure needed to bring this reliable and domestically produced fuel to the marketplace in the most convenient and cost-effective manner possible."
CountryMark will build on its experience in designing and constructing convenient-to-use fueling stations, managing fuel quality, maintaining fueling equipment and assisting end-user customers with innovative price risk management tools. Today, there are more than 100 CountryMark-branded fueling stations in Indiana, Illinois, Michigan, Ohio and Kentucky.
"Our branded dealers work very closely with end-user customers to understand their transportation fuel needs," said CountryMark Vice President of Marketing Jon Lantz. "Based on conversations with a variety of Midwestern fleet managers, we see a sustainable and growing demand for CNG, especially among high-mileage fleet customers. However, for many small and medium-size fleets, installing private CNG fueling infrastructure may not make economic sense. In these situations, CountryMark and our branded dealers can use our business-to-business fueling expertise to make CNG available to the public in the most convenient and cost-effective manner possible."
CountryMark-branded CNG fueling stations will include fast-fill CNG dispensers and dispensers for CountryMark’s premium quality diesel fuel, biodiesel-blended fuels and gasoline. Dispensers for E85, propane and diesel exhaust fluid will be included as needed.
"Many fleets will still need diesel fuel and/or gasoline," said Lantz. "Multiple fuels will better meet the needs of fleets transitioning to dedicated CNG vehicles, fleets that have invested in dual fuel or bi-fuel vehicles and fleets that are maintaining their traditional gasoline and diesel vehicles. CountryMark’s goal will be to provide the public with convenient, one-stop-shop fueling."
CountryMark’s CNG strategy also includes providing industry-leading expertise.
"Our teams are being trained to provide a high level of multi-fuel knowledge that will help bus and truck fleets analyze their transportation fuel options and make the best possible fueling decision to reach their fleet goals," said Lantz.
Fleets seeking alternative fueling stations to fill natural gas, bifuel or dual-fuel vehicles, should contact CountryMark’s CNG Fuel Manager Jennifer Karras to discuss where CountryMark-branded CNG fueling sites can most benefit their fleet operations. Karras can be reached at (800) 808-3170 extension 8203 or Jennifer.Karras@CountryMark.com.
CountryMark is an American-owned oil exploration, production, refining and marketing company with headquarters in Indianapolis. The CountryMark refinery, located in Mt. Vernon, Indiana, processes 27,000 barrels of American crude oil per day. CountryMark’s oil exploration and production subsidiary operates more than 1,400 oil wells, which produce daily 3,500 barrels of American crude oil. CountryMark transportation fuels and lubricants are sold through a distribution channel of member cooperatives that operate more than 180 fuel delivery routes, and are responsible for more than 100 CountryMark branded fueling stations.