Infrastructure Developments Corp. (OTCBB:IDVC) announced today that it has signed a memorandum of understanding with Cleanfield Energy, Inc., to assist in developing compressed natural gas (CNG) fueling stations in the Western United States. .
“Cleanfield’s business of transforming environmentally contaminated brownfield sites – including former gasoline stations – to CNG fueling stations is a practical plan that involves multiple levels of public incentives as an entry point for a truly forward-looking business”.
“Cleanfield’s business of transforming environmentally contaminated brownfield sites – including former gasoline stations – to CNG fueling stations is a practical plan that involves multiple levels of public incentives as an entry point for a truly forward-looking business,” stated CEO Thomas R. Morgan. “Cleanfield’s business dovetails with our established expertise in environmental remediation and the management of small- to medium-sized construction projects.” .
CNG as a transportation fuel is gaining in popularity nationwide due to lower emissions and an abundant domestic supply. Many state and local governments are examining transition plans from gasoline to CNG fuels and are dedicating resources to the development of CNG delivery systems. Tax credits for clean fuels, including CNG, are also on the rise. Additionally, State and Federal incentives are promoting the redevelopment of brownfield sites. .
“CNG is the fuel of the future: it’s clean, it’s affordable, and we have an abundant supply here in the U.S.” commented Cleanfield CEO Jim Kisselburg. “CNG vehicles promote American jobs and American energy security, protect the environment, and save consumers money all at the same time. That is an unbeatable combination, and fueling infrastructure needs are creating monumental opportunities.” .
Cleanfield is building its business around linking communities and vehicle fleet operators with the appropriate support programs and the technical expertise needed to successfully manage local transitions to clean energy vehicles. Cleanfield has arrangements in place to achieve maximum return through grants that will supplement operational cash flow. IDVC will bring expertise in environmental remediation, U.S. government contracting, and management.