BenchMark Energy Corporation and Energy Partners LLC Launches New
Glycerin Logistical Distribution Division
HOUSTON, Jan. 11, 2013 /PRNewswire/ -- BenchMark Energy
Corporation (OTC: BMRK) through its subsidiary Energy Partners LLC
is pleased to announce it has launched a new division named Energy
Partners Logistics and Transportation Management.
Mark Bateman, CEO of BenchMark
Energy states, "With the progressive expansion in the domestic and
international glycerin markets, BenchMark and Energy Partners have
detected a void in the logistics and transportation of glycerin
between source, refinement, and the end user. The Company has
determined and is pleased to extend additional services in the form
of logistical and transportation services to its current and
prospective clients to fill this need."
Energy Partners is a leading supplier of crude glycerin as a BTU
enhancement and alternative energy source. The formation of
Energy Partners Logistics and Transportation Management establishes
the Company's position to attain greater market share as a provider
of glycerin by delivering solutions that either restore or enhance
operating margins hindered by logistical and transportation
deficiencies. Energy Partners Logistics and Transportation
Management will be led by Energy Partners Operations Manager
Michelle Coers, who has spearheaded
the Company's internal logistics and transportation management to
date.
According to the International Energy Agency (IAE), an
autonomous energy agency of comprised of 28 member nations,
biofuels account for 2% of the transport fuels used today.
However, the agency cites that due to emerging technologies
offering considerable growth potential, biofuels will make up 27%
of the world transport fuel by 2050. Energy security has
become an urgent focus for every advanced and emerging country
worldwide to ensure energy independence. Enhanced
technologies are creating efficient improvements made available to
further cost reductions in the production of biofuels and
glycerin.
Energy Partners has identified that inefficiencies in the
logistical infrastructure within the biofuel sector has impaired
certain producers, vendors and consumers ability to capitalize on
and utilize favorable biofuels and glycerin in targeted energy
markets. The largest cost associated with the production of
biofuels and glycerin is transportation and the logistical
management that encompasses every aspect of delivery to the biofuel
and glycerin consumer. A study conducted by Professor Hong of
South Carolina State University
estimates that nearly 25% of biofuel production expense is related
to transportation. Energy Partners Logistics and Management's
mandate will be to provide cost effective solutions in an expanding
and evolving biofuel and glycerin market. These benefits will
allow the feedstock source, the refiner, and the end-user to
concentrate efforts on improving operating margins to sustain rapid
organic growth.
In addition to providing a valuable added service and benefit to
Energy Partners' existing customers, the Company asserts that
supply-side opportunities exist within certain global demographics
can be matched with a significant economic benefit to glycerin
end-users who are presented to fill the global market demands.
"The goal of Energy Partners Logistics and Transportation
Management is to provide our clients an opportunity to maximize
profit margins and streamline growth in an expense laden area of a
company's business model," states BenchMark Energy CFO Catherine Thompson. "In addition to
reducing our clients' costs, Energy Partners Logistics and
Transportation Management will generate a new revenue source that
will match the growth in the deployment of glycerin to the global
transport fuel and alternative energy fuel sectors," she further
states.
BenchMark Energy and its subsidiary, Energy Partners LLC, are
expanding the global glycerin market by developing new applications
for refined glycerin. The Company currently originates
glycerin from biodiesel plants located in the U.S. and Canada and manages logistics for its customers
who utilize the glycerin in traditional and emerging markets.
Energy Partners has established relationships in ground, rail, and
maritime transportation that provide for specialized insulated and
heated transportation of glycerin in variant weather
conditions. The Company's primary focus will be to target the
logistical control in the delivery and distribution in our existing
and future operation on the purchase, sales, and distribution
within the glycerin market.
For assistance in logistics and transportation management
services, contact Michelle Coers at
michelle@energypartnersinc.com, and for corporate information on
BenchMark Energy Corporation or Energy Partners, LLC, contact
Tari Bateman at
tari@benchmarkenergy.com.
Media & Investor Relations:
Tari Bateman
Tel: 281-210-0063
Email: benchmark@benchmarkenergy.com
http://www.benchmarkenergy.com
SOURCE BenchMark Energy Corporation