today 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.