August 11, 2009 (FinancialWire) — Evolution Fuels, Inc. (OTC: EVFL) announced that as part of its efforts to establish retail fuel stations that carry varying blends of ethanol, it intends to apply for the U.S. Department of Energy’s (DOE) recently announced cost-sharing program for projects that will expand the infrastructure of fueling locations up to 85 percent ethanol.

The DOE recently announced the availability of up to $5.5 million from the American Recovery and Reinvestment Act to increase the use of higher ethanol blends (up to E85), with plans to offer up to $3.5 million to 15-30 projects for cost-shared projects to modify, upgrade, expand existing fuel pumps and other infrastructure at retail stations or the installation of new equipment to accommodate the higher ethanol blends. The DOE additionally plans to fund up to $2 million toward the raising of public awareness of higher ethanol blends up to E85.

Evolution Fuels’ CEO, Dennis McLaughlin, stated, “It is the company’s position that programs such as this are critical to solving the problems of growing the distribution and sales of renewable forms of energy. This type of program should greatly aid companies who seek to be providers of higher blends of ethanol and biodiesel fuels at the pump.”

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