15 per share, net benefit to earnings from the production of synthetic fuel
and the sale of the ownership interests in the synthetic fuel
production facilities, compared to a $10.
Benson became CEO of Headwaters, the Company was a struggling synthetic fuels
operation employing roughly 70 people, with more than $28 million in debt and only $6.
Now, with the oil price risk related to synthetic fuel
production eliminated for 2007 through our hedging strategy, our team can focus on the business fundamentals, which we expect to produce strong results this year.
USA Synthetic Fuel
Corporation is an environmental energy technology company focused on building ultra clean btu converters designed to enable America's solid hydrocarbon resources to be transformed into low cost synthetic fuel
products: transportation fuel (diesel, jet, gasoline), pipeline quality synthetic natural gas (SNG) and hydrogen.
Floudas' team also analyzed the impact that synthetic fuel
plants were likely to have on local areas and identified locations that would not overtax regional electric grids or water supplies.
USA Synthetic Fuel
Corporation (OTCQB:USFC) (USASF), an environmental energy technology company, revealed on Monday that it has received debt financing of USD35m from special situations investor Third Eye Capital in Toronto, Canada.
Los Angeles, (NYSE Alternext US: RTK) has announced that the United States Air Force has purchased ultra-clean synthetic jet fuel produced at the company's fully-integrated synthetic fuels
and chemicals facility in Commerce City, CO.
said Thursday that it has successfully produced synthetic fuels
at its Product Demonstration Unit (PDU) in Commerce City, Colorado.
In December, a C-17 Globemaster III, using the synthetic fuel
blend, completed a transcontinental flight from McChord AFB, WA, to McGuire AFB, NJ.
This synthetic fuel
initiative to certify the fuel for military aviation is being accomplished in close cooperation with our partners in the commercial aviation industry," said Bill Anderson, the Air Force's assistant secretary for installations, environment and logistics.
The flight is the latest in a series that aims to validate synthetic fuels
can be used safely in military aircraft.
The synthetic fuel
used aboard the bomber was made by Syntroleum using the Fischer-Tropsch process to make liquefied fuel from natural gas.