Never underestimate the ability of businesspeople to reinvent themselves. Case in point: the folks behind Dallas’ Evolution Fuels Inc. (formerly Earth Biofuels), best-known for co-owning Willie’s Place at Carl’s Corner Truckstop near Hillsboro. After nearly going bankrupt two years ago as the biofuels market was skidding downhill, the company says it has paid off tens of millions of dollars in debt and will focus now on selling “mid-range ethanol blends” at retail fueling stations/convenience stores.
Kit Chambers, Evolution’s executive VP, says the outfit has signed letters of intent to open two Dallas stores–at Travis/Knox and Lemmon/Oak Lawn–and is aiming to acquire other fueling stations in Alabama and Mississippi. In addition, says Kit (pictured), a new entity called Evolution Resources will launch soon with an ambitious plan to “repurpose existing assets to produce cellulosic ethanol.”
Guess it all makes sense. While the biofuels biz in general has had its problems, ethanol is one biofuel segment that the government seems intent on propping up.
