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DF CNG LLC

Compressed Natural Gas (CNG) Fueling Station in NYC

Raising $2,600,000
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N  PROFILE (   BUSINESS PLAN f  UPDATES 1

Quick Pitch

  • Capitalize on the growing use of natural gas as a transportation fuel
  • Opportunity to increase your portfolio's exposure to energy infrastructure
  • Own NG demand related asset​s and capitalize on the US shale gas boom

Product/Service Details

Dual Fuel Station 1 LLC is raising capital to build a new CNG (compressed natural gas) fueling station in New York City. This project is estimated to cost 2.6 million dollars, including two year land lease, design and engineering, infrastructure, labor, marketing and sales. Our target market consumes an estimated 170 million gallons of diesel and gasoline/year. This project will capture 3% of its market and provide a 48.5% annualized return over a 15 year period. Project time from initial zoning verification, through final inspection is expected to last between 7-9 months, the station is expected to open Q1 2015.   

Traction & Accomplishments

  • Feasibility Study- done.
  • Site Planning- done.
  • Land lease secured- done.
  • Zoning- done.
  • Permitting- in progress.
  • Utility (Con Edison) commitment to provide neccessary infrastructure- done.
  • Pledged Fuel Commitment Letters- 300,000 gallons for year 1

How We're Different

  • There are currently 0 CNG fueling stations in the target market area
  • Fleet operateors are currently paying fueling stations over $4.00/gallon for diesel
  • Our station will be selling transport fuel for $2.80/gallon DGE (diesel gallon equivalent)
  • This station will unlock an extremely suppresed natural gas demand market, turning potential abstract savings for fleet operators into realized savings in one of the heaviest industrial areas of New York City

Dual Fuel Corp (DFC)

DFC is a mechanical company that constructs energy assets, specifically natural gas infrastructure.

DFC is a turnkey solution for customers seeking to convert their fuel exposures from oil to natural gas.

More information about our firm can be found on our website www.dualfuelcorp.com 

Team

Joseph Bohm - President

 

Joseph Bohm is currently President of Dual Fuel Corp (DFC) and Dual Fuel Energy Corp (DFEC). Prior to founding DFC, Joseph was a Vice President at Societe Generale Energie Corp responsible for business development of North American natural gas markets across Rockies, West Coast, Southwest and PacNW regions. Prior to Societe Generale, Joseph traded financial markets for 5 years at RBS Sempra and Sempra Energy Trading.

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Sam Ritter - CEO

 

Sam Ritter is CEO of Dual Fuel Corp. Prior to joining DFEC, Sam was COO of Plymouth Rock Energy, where he ran all operational departments for a retail energy supplier of natural gas and electricity in the Northeast and Midwest. Prior to Plymouth, Sam worked on the physical natural gas desk at RBS Sempra Commodities where he traded Northeast and Gulf markets to support retail energy suppliers, municipalities and large industrial end users. Prior to RBS Sempra, Sam was the director of supply and risk for Gateway Energy Services, a retail energy supplier serving 250,000 customers in both natural gas and electricity in the Northeast.

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Steven Shwarzbaum - Director of CNG Business Development

Certified CNG Station Designer 

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Alex Snedkov - Project Manager

Certified Project Manger 

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