|
FORD AND VERISUN ANNOUNCE PARTNERSHIP
TO DRIVE ETHANOL INFRASTRUCTURE
ANOTHER FORD INNOVATION
Ford Motor Company and VeraSun Energy Corporation
announce a first-of-a-kind partnership to promote
growth of an E85 infrastructure and increase consumer
awareness in 2006.
Flexible fuel vehicles have been a key part of
Ford's alternative fuel strategy. Long-term, ethanol
is an important step toward development of more
efficient, future renewable biofuels lessening
dependence on foreign oil, addressing customer
concerns over high gas prices, as well as providing
environmental benefits.
Ford is committed to driving American innovation,
dramatically ramping up its commitment to hybrids
and announcing four new vehicles with flexible
fuel technology - the Ford F-150, Ford Crown Victoria,
Mercury Grand Marquis and Lincoln Town Car. The
company will produce as many as 250,000 FFVs in
2006.
DEARBORN, Mich., Nov. 4, 2005 As fuel prices
soar at the pumps and energy security remains
a concern, Ford Motor Company is announcing a
first-of-a-kind partnership with VeraSun Energy
Corporation, a renewable energy company. This
partnership builds on a commitment to American
innovation made in a speech delivered by Ford
Chairman and CEO Bill Ford to employees on Sept.
21. The initiative will expand the fueling infrastructure
to support flexible fuel vehicles (FFVs) capable
of running on up to 85 percent ethanol (E85).
"Ford is working on innovative solutions
to customer concerns over high gas prices and
America's overdependence on foreign oil,"
said Ford. "Ethanol is an innovative energy
source straight from the heartland of America.
Ford has produced flexible fuel vehicles for over
a decade now, with more than a million on the
road. Our introduction of four new models - producing
up to 250,000 in 2006 reinforces our commitment.
Fueling infrastructure for our customers, however,
is lagging. We look forward to partnering with
VeraSun and encouraging retail fuel providers
to incorporate E85 fuel options in their operations."
With approximately five million FFVs on the road
today, E85 has great potential as an alternative
fuel. E85 is an alternative transportation fuel
made from a blend of 85 percent ethanol and 15
percent gasoline that can be used in FFVs. Only
about 500 of the more than 180,000 fuel stations
in the U.S. currently offer E85. Ford and VeraSun
will increase the number of stations offering
E85, particularly in Midwest markets where ethanol
availability is growing.
Increasing FFV production and E85 use represent
the best near-term solution to significantly reducing
our dependence on foreign oil. The two greatest
challenges facing greater E85 use are access to
convenient fueling locations and a lack of consumer
awareness," said Bill Honnef, vice president,
Sales and Marketing, VeraSun. "Because flexible
fuel vehicles can run on both gasoline and E85,
most FFV owners are not aware they are driving
an FFV and simply use gasoline. Our research indicates
that nearly 70 percent of flexible fuel vehicle
owners are unaware they are driving one. With
Ford as a partner, we believe we can make great
strides in both areas.
The Ford/VeraSun partnership will concentrate
on growing the E85 infrastructure in 2006. The
initiative will serve to convert existing fuel
pumps to VeraSun's branded E85 - VE85 - in existing
retail outlets. A consumer awareness campaign
to promote the benefits and use of E85 will also
be launched. Local retail outlets and Ford dealerships
will be asked to participate in the campaign.
"Innovation in safety, in the environment,
in design and in technological solutions to real
world problems - is going to be reclaimed as our
natural birthright," Ford said. "It
will be the guiding compass of everything we do."
Flexible fuel vehicles have been a key part of
Ford's alternative fuel strategy. Long-term, ethanol
is an important step toward development of more
efficient, future renewable biofuels that can
provide energy security as well as environmental
benefits.
Ford is offering four new models with the flexible
fuel technology option for 2006, including America's
best-selling vehicle the Ford F-150. The
Ford Crown Victoria, Mercury Grand Marquis and
Lincoln Town Car also offer the E85 option.
Consumers can learn more about the benefits of
E85 use find E85 stations and determine if they
own an FFV by visiting www.E85Fuel.com.
About VeraSun
VeraSun Energy Corporation, a renewable energy
company, is headquartered in Brookings, S.D. The
company is the nation's second largest ethanol
producer. VeraSun is a leader in the growing ethanol
industry as a result of its efforts to combine
proven technology and production processes with
an innovative and forward-thinking business approach.
The company markets E85, a blend of 85 percent
ethanol and 15 percent gasoline, directly to fuel
retailers under the brand VE85. For more information,
please visit the VeraSun web sites at http://www.verasun.com
or http://www.ve85.com.
About Ford
Ford Motor Company, a global automotive industry
leader based in Dearborn, Mich., manufactures
and distributes automobiles in 200 markets across
six continents. With nearly 325,000 employees
and 110 plants worldwide, the companys core
and affiliated automotive brands include Aston
Martin, Ford, Jaguar, Land Rover, Lincoln, Mazda,
Mercury and Volvo. Its automotive-related services
include Ford Motor Credit Company and Hertz. For
more information regarding Ford's products, please
visit www.fordvehicles.com.
|