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ST. PAUL, Minn. -- CHS Inc. established the Cenex Tank Program, which provides significant financial assistance to any of its 1,400 Cenex-branded locations that want to offer E15 at the pump.
Under the Cenex Tank Program, a significant portion of the cost for Cenex-branded operators to purchase and install an additional storage tank for the purpose of offering E15 will be compensated.
According to Doug Dorfman, vice president of refined fuels for CHS, this move represents the company's leadership in renewable fuels and helps keep the Cenex brand at the forefront in meeting consumer demand for ethanol blends.
“We value our partnership with Cenex retailers and will continue to assist them in their efforts to meet consumer demand for ethanol blends,” said Dorfman. “Supporting ethanol demand also adds value to CHS member owners and farmers.”
More than 90 U.S. retailers in 14 states currently offer E15 -- a blend of 15 percent ethanol and 85 percent gasoline, according Growth Energy, an ethanol advocacy group.
“Growth Energy applauds CHS Inc. and Cenex for their steadfast commitment to renewable fuels and their announcement of the Cenex Tank Program, which will better enable some of the 1,400 Cenex-branded locations to meet consumer demands for E15," said Tom Buis, CEO of the trade group. "The new program will cover a substantial part of the cost to obtain and install an additional E15 storage tank for retailers interested in expanding their offerings.”
St. Paul-based CHS Inc. is a farmer-owned cooperative that provides energy, grains and foods.