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Absolutely Huge, Elinoil and Blue Grid found BlueFuel They

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Penny Stocks 2.0 Member Level  Monday, 03/29/21 09:27:46 PM
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Absolutely Huge, Elinoil and Blue Grid found BlueFuel

They seek to gain a leading position in the supply of vehicles with liquefied natural gas nationwide.

ELINOIL, in the context of the implementation of its strategic planning for its energy development, joins forces with Blue Grid, the Greek company that stars in the Downstream LNG market in SE Europe and announces the establishment of the new company " BlueFuel ".

This company, which will aim at the development, for the first time in Greece, of refueling points for vehicles with liquefied natural gas (LNG) will offer the most competitive and "green" fuel to Greek drivers and will occupy a strategic part of this rapid international developing market.

The participation of each company in the new company amounts to 50% .

Through this joint venture, "BlueFuel" will combine the know-how of Blue Grid in the supply and distribution of LNG, with the experience, the geographical presence through the network of "elin" gas stations and the organizational strength of ELINOIL, seeking to become a leader in supply of vehicles with liquefied natural gas at the national level.

"BlueFuel" will focus primarily on servicing heavy vehicles , mainly at key points of the domestic market. Based on the plans and current conditions, it is estimated that "BlueFuel" will be able to start LNG supplies within the first quarter of 2022 .

It is particularly important that from the very first day of their operation, the supply stations of "BlueFuel" through the network of gas stations "Elin" will offer their customers nationwide coverage in LNG.



With its entry into the new LNG market, ELINOIL confirms its determination to develop into an Energy Group, which will meet the modern needs of the consumer. Accordingly, Blue Grid, through this partnership, implements its strategic plan for the supply of LNG to an even wider range of customers beyond those in the industry.


Everything I say is in my opinion, do your own DD and make your decision wisely! Don't spend more then you can afford to lose!
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