Arkansas-based Wal-Mart Stores, the world’s largest retailer, is considering selling ethanol-based fuel at its more than 380 petrol stations in the United States, the Wall Street Journal reported late on Wednesday, according to Reuters.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The Journal reportedly said the move could give the sales of alternative fuels a significant boost amid steep petrol prices in the US (averaging around $3 a US gallon).
The report said the retailer held an alternative fuels summit in Washington this week to explore plans to sell E-85, a blend of ethanol mixed with 15% petrol.
Wal-Mart’s meeting was attended by representatives of the vehicle industry, oil companies, government officials and biofuel producers, the report said.
“The purpose was to explore expanding alternative fuels in the marketplace and help us consider carrying E-85,” Wal-Mart spokesman Kevin Gardner reportedly told the Journal.
Wal-Mart had yet to determine if it could sell the alternative fuel profitably, the Journal said, according to Reuters.
