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Who Wants Good Clean Fuel?May 08 2013 - 4:21 pm
For Immediate Release
May 8, 2013
Patrick Belnap, Blu. Public Relations Manager
Michael Sullivan, GOED Communications Director
Who Wants Good Clean Fuel?
Blu. Utah expansion to create 73 new jobs
Salt Lake City, UTAH — Saving money on transportation while keeping air clean is a one-two punch in the fight towards achieving the goals in Governor Gary R. Herbert’s Utah Clean Air Partnership. The Governor’s Office of Economic Development (GOED) announced today that Blu. (Transfuels, LLC), the Utah-based natural gas company, will expand its full production line of natural gas filling stations that supply vehicles with clean burning natural gas.
“Expanding production of fuel that is clean and inexpensive is an important step in the right direction for Utah,” Governor Gary R. Herbert said. “The expansion by Blu. is a key step in growing our state’s practical application of green energy convenience and supply chain, allowing fleets and individuals to justify use of clean natural gas vehicles.”
Blu. will create 73 new high paying jobs including engineers, environmental control staff, safety techs, contracting agents and other leadership positions. Over the seven year life of the agreement with the state, the company will pay out more than $49 million in new state wages. All of the incented jobs will pay at least 125 percent of the county’s average annual wage including benefits.
During the same time period, Blu. will pay approximately $2.3 million in new state taxes and will invest over $6 million in capital expansion at the Salt Lake City headquarters.
“The state of Utah is a leader in clean natural gas as a vehicle fuel,” said Blu. CEO Merritt Norton. “We are excited at the opportunity the business environment in Utah gives us to expand our efforts and provide our nation a cleaner and more cost-effective fueling solution.”
Blu. is dedicated to providing liquefied natural gas stations and solutions for the U.S. heavy-duty trucking industry. Natural gas is a domestically produced, clean, low-cost and safe alternative to diesel and gasoline and can reduce a vehicle’s carbon footprint by more than 25 percent. As the market for environmentally safe energy continues to grow, Blu. meets that demand. In the process, Blu. creates more jobs, which helps to further strengthen Utah’s economy.
The GOED Board of Directors has approved a $462,536 Economic Development Tax Increment Finance (EDTIF) post-performance refundable tax credit, which the company can earn, or 20 percent of the next taxes paid by the company over the lifetime of the incentive.
About the Utah Governor’s Office of Economic Development (GOED)
The Governor’s Office of Economic Development (GOED) charter is based on Governor Gary Herbert’s commitment to economic development statewide. Utah’s economic development vision is that Utah will lead the nation as the best performing economy and be recognized as a premier global business destination. The mandate for this office is to provide rich business resources for the creation, growth and recruitment of companies to Utah and to increase tourism and film production in the state. GOED accomplishes this mission through the administration of programs that are based around targeted industries or “economic clusters” that demonstrate the best potential for development. GOED utilizes state resources and private sector contracts with organizations such as the Economic Development Corporation of Utah (EDCUtah), Utah Defense Alliance, the Manufacturers Extension Partnership (MEP) and others to fulfill its mission. For more information please contact: Michael Sullivan, 801-538-8811 or email@example.com
Based in Salt Lake City, Utah, Blu. builds and operates liquefied natural gas fueling stations. By providing LNG solutions to the U.S. heavy-duty trucking industry, Blu. reduces fueling costs, carbon emissions and foreign energy dependence. Since establishing Utah’s first liquefied natural gas fueling station in 2011, Blu. currently has eight operational stations, five of which are in Utah (Beaver, Hurricane, Myton and two in Salt Lake City). In addition, Blu. anticipates having 50 stations operational across the country by the end of 2013. For more information, please visitwww.blulng.com.