ST. PAUL, Minn., Aug. 26, 2014 – CHS, a leading energy, grains and foods company and the nation's leading farmer-owned cooperative, has announced a new program to better enable some of the 1,400 Cenex branded locations to meet consumer demand for an E15 ethanol blend.
"We are excited to offer a new Cenex Tank Program, which further demonstrates CHS leadership in renewable fuels and helps keep the Cenex brand at the forefront in meeting consumer demand for ethanol blends," says Doug Dorfman, CHS vice president – refined fuels.
For Cenex retailers wanting to offer E15 in addition to their current gasoline products, the Cenex Tank Program will cover a significant portion of the cost to purchase and install an additional storage tank for the purpose of offering E15.
The Cenex network was among the first in the country to offer mid-level ethanol blends under its brand and has achieved significant increases in ethanol sales over the last five years, according to Dorfman.
"We value our partnership with Cenex retailers and will continue to assist them in their efforts to meet consumer demand for ethanol blends," says Dorfman. "Supporting ethanol demand also adds value to CHS member owners and farmers."
As the nation's leading farmer-owned cooperative, CHS is involved in renewable fuels from the farm to the end-user. A long-time, global marketer of ethanol and distillers dried grains with solubles (DDGS), CHS also produces ethanol at a recently acquired plant in Rochelle, Ill.
Growth Energy CEO Tom Buis, weighed in on the Cenex announcement. “Growth Energy applauds CHS Inc. and Cenex for their steadfast commitment to renewable fuels and their announcement of the Cenex Tank Program., says Tom Buis, CEO of Growth Energy.
“Their decision also demonstrates the strength of consumer demand for higher ethanol blends such as E15. It proves once again that consumers will select a high performance, low cost fuel when given the choice,” Buis says. “Cenex is clearly a leader in the marketplace and is acutely in tune with what their customers want and need.
“I am impressed by all that Cenex is doing for our consumers and our country,” Buis continues. “They are empowering consumers with the ability to improve our environment and increase our nation’s energy and national security, all while saving money at the pump.”
About CHS Inc.: CHS Inc. (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.