Speedway Receives Grant to Expand Ethanol Offering
ENON, Ohio — Speedway LLC was named the first recipient of The Ethanol Infrastructure Grant Program, presented by the Ohio Corn Marketing Program.
The grant program allows fuel retailers to expand the reach of ethanol in Ohio via financial support for the purchase and installation of dispensing equipment that is compatible with ethanol fuel blends.
According to Ohio's Country Journal, Speedway, a division of Marathon Petroleum Corp., will use the grant to increase ethanol availability in Franklin, Hancock, Lake, Cuyahoga, Warren and Clark counties.
“Over 722,000 Ohio motorists are driving flex fuel vehicles, and they deserve access to efficient and clean burning ethanol,” said Tadd Nicholson, executive director of Ohio Corn Marketing Program. “We are proud of our farmers’ dedication to ethanol demand expansion, as they continue to invest significant corn checkoff dollars to improving ethanol availability.”
Specifics of The Ethanol Infrastructure Grant Program details include:
- Funding structure to aid in the purchase of ethanol compatible fuel dispensing equipment and site work (i.e. tanks) to accommodate installation;
- Priority given to fuel retailers looking to install in multiple locations;
- Simple application process with assistance available for completing appropriate paperwork; and
- Quick reimbursement when projects are completed.
Enon-based Speedway LLC owns and operates the nation's second-largest convenience store chain with approximately 2,750 convenience stores in 22 states.