Green MT Power (NYSE:GMP)
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From Aug 2019 to Aug 2024
The next time you pass a Green Mountain Power linetruck
on the highway, you may notice a slight smell of French fries. That's
because Green Mountain Power's fleet of linetrucks will begin using
biodiesel fuel, an alternative fuel made from animal fat and vegetable
oil, primarily soybean, as a result of a new fuel arrangement with
Champlain Oil Company.
"We're thrilled to be the first company to introduce and supply
bulk quantities of biodiesel for commercial use in Chittenden County,'
said Tony Cairns, president of Champlain Oil Company.
Green Mountain Power plans to introduce the clean-burning,
organically-produced fuel to its more than 20 diesel engine trucks in
the Chittenden and Addison County areas on August 3. Additionally, the
next fuel delivery to its Washington County tank will be of biodiesel.
The company also plans to provide biodiesel to its trucks in its other
service areas when it becomes available.
"We're really excited that we can reduce emissions from our
vehicles by using this fast-growing technology," said Mary Powell,
Chief Operating Officer of Green Mountain Power. "Biodiesel helps us
to improve our environmental footprint by reducing greenhouse gas
emissions and particulate matter. The use of biodiesel is important
for climate protection as well as local air quality."
Green Mountain Power will use B20 biodiesel, a 20 percent blend of
biomaterial and 80 percent conventional diesel. B20 biodiesel is the
industry standard because it offers significant emission reductions at
an affordable price and works with existing diesel engines. Using this
fuel blend, Green Mountain Power will make an immediate transition
into cleaner burning fuel.
Champlain Oil Company will also supply biodiesel for the
University of Vermont from a pump at its main office on 45 San Remo
Drive in South Burlington. The fuel will also be available for the
public at a retail pump at the Jiffy Mart location at 1855 Shelburne
Road.
Biodiesel is rapidly becoming recognized as an important
alternative to conventional fuel. According to the Vermont Biofuels
Association, an estimated 100 million gallons of biodiesel will be
produced in the U.S. by the end of 2005 - an increase of more than 75
million gallons over the past two years.
Use of biodiesel in a conventional diesel engine results in
substantial reduction of unburned hydrocarbons, carbon monoxide and
particulate matter. In addition to its environmental benefits, it uses
fuel that is produced domestically, decreasing the country's
dependence on foreign oil.
"We have undertaken a variety of initiatives that help the
environment, like obtaining a generation mix that includes a very low
percentage of fossil fuels, pledging to reduce emissions through the
Chicago Climate Exchange, and committing to publishing a
sustainability report, and we are convinced that biodiesel will help
make a difference," added Powell of Green Mountain Power.