Propel Biofuels will construct and operate a standalone biofuel station in Seattle, expected to open in March. The station, which will feature four pumps offering B20 and B99 grades of biodiesel, is in contrast to other stations which add single biodiesel pumps at conventional gas stations.
In August, Propel Biofuels announced that they completed a $4.75 million first round of capital from @Ventures and Nth Power. The company announced a goal in April of installing its biodiesel fuel equipment at 20 stations in Washington, Oregon and California. Initial funding for Propel had come from Imperium Renewables in the form of a loan.
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