Paying at the pump will be a little less painful for those grabbing the new E85 nozzles in Albany and Warrensburg, N.Y. On Tuesday, KNC Holdings and the NYS Energy Research and Development Authority celebrated the grand opening of the first public E85 station at Campus Mobil, near the State University of New York Albany campus.
It's the first public station to offer a blend of 85% ethanol and 15% gasoline. And the station's owner, KNC President Christian King, announced that a second E85 station would be selling E85 in Warrensburg, N.Y., in the Lake George region.
King, who's selling the fuel for $0.54 below the cost of unleaded gasoline, anticipated even greater per gallon savings due to constantly rising costs of traditional gasoline. "Today is the first step for New York consumers to do their part in helping to reduce our dependence on foreign oil by purchasing E85," said King.
High-octane station incentives
NYSERDA recently announced a major program to encourage retailers to place E85 at their stations. The New York State Biofuel Initiative: Driving Energy Independence for the Empire State (Program Opportunity Notice 1093) sets an aggressive program to encourage biofuel station placement via the provision of infrastructure installation matching funds for retailers.
NYSERDA will provide up to 50% of the cost of a facility, up to a maximum of funds provided per station of $50,000. Combined with state and federal alternative fuel tax credits, this program provides clear incentives for retailers to add E85.
The program totals $9.5 million will be awarded on a first come, first serve basis. It is expected the effort will result in up to 300 biofuel stations.
NYSERDA Program Manager Ruth Horton, recognized as a national authority on the development of alternative fuel transportation programs, stated, "New York continues to reduce our dependence on foreign oil and address environmental issues. E85 is part of that solution and we have wonderful industry partners who have helped us get the program started here in New York."