137 0 Kommentare ECSL Announces That It’s Subsidiary, CyberFuels, Inc., Has Executed a Purchase and Sale Agreement and Completed Its Due Diligence to Acquire Land and Adjoining Canal at the Port of Tampa - Seite 2

CyberFuels plan is to complete its first set of large-scale liquid contracts for the new terminal and has a goal for phase one of the overall program to include more than 580,000 barrels (which is over 24 million gallons) of storage and ultimately grow to approximately 1,500,000 barrels (63+ million gallons) of storage. CyberFuels’ program is intended to include large-volume liquid storage built upon long-term contracts for cleaner fuels including Bio-advantaged and renewable fuels for gasoline, diesel, jet A, and marine bunker fuel for delivery to markets in Florida. Additionally, CyberFuels seeks to store, blend, market and support its proprietary, and environmentally responsible, products marketed under our Dynamo and EcoFlex brands. When blended with regular gasoline and diesel, these additives increase mileage, reduces emissions, and are less costly than unblended gasolines and diesel fuels. CyberFuels’ business plan is to generate approximately 750,000 barrels (31+ million gallons) per month of throughput in PHASE 1 and ultimately generate up to 2,900,000 barrels (over 120 million gallons) of throughput by PHASE 3 of Jet A, diesel fuel, gasoline, and biofuels including the CyberFuels branded products. CyberFuels expects that capital costs of the purchase, construction, development and working capital necessary to build and operate the terminal will require approximately $75 million to accomplish the Phase 1 purchase and buildout, with an additional $62 million to finish these goals by the end of Phase 3.

The management team at CyberFuels is committed to creating and operating the new CyberFuels facility as a world-class energy complex; in other words, a complete campus incorporating environmentally responsible solar and green energy initiatives for our community and partnering companies. Currently, CyberFuels has engaged Currier & Company of Los Angeles, California to conduct program scoping and pre-purchase design engineering. Jonathan Currier has been selected as the Programming Director and Chief Project Engineer.

About CyberFuels: CyberFuels Inc. delivers custom blended GEM fuels to suit almost any engines need:

EcoFlex96 offers high octane alternatives to regular gasoline.

Our gasoline and GEM fuels offer superior performance over similar traditional gasoline blends. Unlike other fuel options, there is no need to retrofit the vehicle for consumption of our fuel blends.

All of our fuels can be transported, stored and pumped like regular gasoline.

The CyberFuels lines of products also include our "Dynamo" brands.