SACRAMENTO, Calif. — Propel Fuels will move its corporate headquarters from Redwood City to Sacramento, according to a press release.
Propel is the state’s largest retailer of low-carbon liquid fuels, noted the release, and the company believes Sacramento’s policies will shape the future of the industry.
“The low-carbon economy is being defined in Sacramento,” said Propel’s founder and CEO Rob Elam, in the release. “There’s nowhere we’d rather be.”
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California has supported carbon reduction and clear air regulations with the AB 32 Global Warming Solutions Act, the Low Carbon Fuel Standard and Carbon Cap-and-Trade, reported the release. Gov. Jerry Brown’s executive order will also reduce petroleum use in the state by 50 percent by 2030.
Propel accounts for more than 70 percent of all flex fuel sold across the state, shared the release. It also introduced Diesel HPR (w), a high-performing, low-carbon diesel fuel.
The company was founded in 2004 and was named one of Silicon Valley’s fastest growing private companies in 2014, stated the release.
Click here to read the entire release.