Boston, MA 10/14/2014 (wallstreetpr) – According to reports, Core-Mark Holding Company, Inc. (NASDAQ:CORE) has decided to open GAIN Clean Fuel Station with the support of U.S. Oil. The announcement was recently made by CORE itself. CORE is one of the largest companies and known for offering marketing solutions broad-line and fresh supply solutions to the convenience retail industry in entire North America region.
Insights of the announcement:
If everything goes fine and both the companies go on to open the GAIN clean fuel station, it will be the third, compressed natural gas (CNG) station of CORE. At the same time, it will also be the first of five natural gas stations deal with U.S. Oil. Currently, Core-Mark Holding Company, Inc. (NASDAQ:CORE) has two CNG stations in Corona, California and Wilkes Barre, Pennsylvania. Both the stations are owned and dedicated by the company. Newly opened GAIN Clean Fuel station in Aurora, Colorado is one of the best examples of long lasting partnership between these two companies. It is open and available to public.
If everything goes fine, then CORE will look forward to opening four more fuel stations. Locations of these stations will be in Smyrna, Georgia; Tampa, Sanford, North Carolina; Forrest City, Arkansas and Florida by the first quarter of 2015. As per the information, commitment of Core-Mark Holding Company, Inc. (NASDAQ:CORE) initiated with conversion of its fleet. Over 100 tractors had been launched instantly, while another 100 are expected by the end of the current year. The best advantage of converting fleet into CNG is that it’s a cost effective option and the best possible alternative of fuel. On an average, it offers around savings of $2 per gallon equivalent in present market situation. Management of CORE is excited about this deal and looking forward to meeting company’s long-term objective. According to Thomas B. Perkins, CEO and President of Core-Mark Holding Company, Inc. (NASDAQ:CORE), the entire management team is delighted with the partnership. Shift from diesel to CNG will allow the company to buy more environment friendly fuel in the future.
