Ferrellgas Lauds Introduction of Propane Green Autogas Solutions Act of 2011
Ferrellgas Partners, L.P. applauded a significant step toward a greener, more fuel-efficient future for America with the introduction of the Propane Green Autogas Solutions Act of 2011 (H.R.2014/S.1120). The "Propane GAS Act," introduced by Representatives Dan Boren (D-OK) and Mike Rogers (R-AL) and Senators Roy Blunt (R-MO) and Debbie Stabenow (D-MI), would extend through 2016 existing tax credits for the purchase of propane autogas and propane autogas-enabled vehicles, as well as the purchase and installation of propane autogas refueling infrastructure.
"We are extremely pleased to see the introduction of this Act and believe that its passage would be a tremendous boost for what promises to be the fastest growing segment of the retail propane industry," said George Koloroutis, President of Ferrell North America and Senior Vice President of Ferrellgas. "We congratulate and thank Representatives Boren and Rogers and Senators Blunt and Stabenow for championing this vital legislation."
Approximately 15 million vehicles run on propane autogas worldwide, making it the third most popular motor fuel. Autogas-powered vehicles produce significantly lower particulate matter, carbon monoxide, nitrogen oxide, and hydrocarbon emissions than traditional gasoline powered vehicles, all without significant reduction in a vehicle's range or power.
Representatives from Ferrellgas, other propane retailers, and industry organizations will be in Washington, D.C. June 13-15, for the industry's annual Propane Days. Industry representatives from all over America will meet with their Congresspersons during this time to provide further input, education, and resources on the issues addressed by the Propane GAS Act, and to encourage its passage.
To learn more about the benefits of propane autogas, visit www.ferrellautogas.com.
Ferrellgas Partners, L.P. is a Fortune 1000 company and, through its operating partnership, Ferrellgas, L.P., serves approximately one million customers in all 50 states, the District of Columbia, and Puerto Rico. Ferrellgas employees indirectly own more than 20 million common units of the partnership through an employee stock ownership plan.