What: 0.5% sulfur marine fuel facility, sited in South Carolina. Capacity: 40 K - 45K bpd.
Why: 55,000 barrels per day ready demand along U.S. East Coast.
Who: Six seasoned executives in refining and finance industries, including
Chevron, Hess, Carlyle Group, Keystone Engineering.
Who: Patent-holder EPC firm Polaris Engineering; civil engineering firm GEL; top incentives law firm Womble Bond Dickinson.
Progress: We have been invited to submit Phase One application to U.S. Dept. of Energy loan guarantee program.
Progress: Letters of Intent signed with two major terminal companies .
for site on the Cooper River north of Charleston.
Progress: We will be world's cleanest sea fuel facility, eliminating 95% of our CO2 emissions via an
offtaker agreement with the leading US industrial gas company.
Raising $300,000 in SEED for business, accounting and legal SEED-stage costs; later $50 M for a Series A Round to anchor the $200 M US Dept. of Energy ultra-low interest loan guarantee.
A refinery using the same Polaris Engineering process engineering has been built and is successfully running in Galveston, Texas. The engineering and atmospheric distillation works!
Andrew Baird, Man. Director
[email protected]