Wednesday, February 22, 2006

Able Energy, Inc. Optimizes Its Supply Chain for Renewable Fuel Products

Able Energy, Inc. ("Able") announced today that it has agreed to sign an agreement with TransMontaigne Inc., a leading supply chain management and fuel logistics company. The agreement allows Able Energy to optimize its fuel supply chain, accelerating distribution of biodiesel, a clean-burning, soy-based alternative fuel product, Business Wire reported.

As a result of the alliance with TransMontaigne, Inc., Able Energy, Inc. is taking a giant step forward in advancing the company's commitment to conservation, energy efficiency, and environmental health. With access to the TransMontaigne fuel supply chain platform, Able Energy Inc. will be able to provide its customers with fast, efficient and reliable access to biodiesel fuel.

Biodiesel is a clean-burning, environmentally friendly fuel alternative produced from domestic renewable resources. Biodiesel can be used efficiently in diesel engines and in home heating oil applications. Derived from natural oils like soybean oil, biodiesel meets the rigid specifications set forth by ASTM (American Society of Testing Materials). While biodiesel contains no petroleum, it can be used in its pure form or blended at any level with petroleum diesel to create a cleaner burning biodiesel blend. Studies show that the use of biodiesel in conventional diesel engines and home heating applications can substantially benefit the environment and human health. Biodiesel has been shown to emit lower levels of carbon monoxide, unburned hydrocarbons, and particulate matter compared to conventional diesel fuel. In addition, exhaust emissions such as sulfur oxides, sulfates (major components of acid rain), and aromatics are essentially eliminated in biodiesel.

Able Energy will offer a biodiesel blend for use in home heating applications supplied by TransMontaigne Inc. In addition, Able Energy's acquisition candidate, All American Plazas, Inc. has commenced use of a new biodiesel fuel blend also supplied by TransMontaigne Inc. at its All American Plaza truck stops in Doswell, Virginia, along with Bethel and Harrisburg, Pennsylvania.
"Biodiesel represents an exciting opportunity environmentally and economically for the region," states Able Energy CEO, Gregory Frost, "and it can be used in existing engines without compromising performance." Frost adds, "We're using a similar blend for our home heating oil business through Able Oil and We're partnering with TransMontaigne because its Navitus(TM) Supply Chain Platform is a valuable tool and because TransMontaigne is a leading supplier of BQ9000, the gold standard of biodiesel fuel quality."

Executive Vice President of TransMontaigne, Rick Eaton, states, "Able Energy is to be commended for leading the way in bringing clean-burning, environmentally friendly fuel alternatives into the retail market. We applaud Able Energy for demonstrating industry-leading vision and innovation in creating a cleaner environment, both at home and on the road."