To answer the questions about refineries:
Katie was working discussing our fuel with Sommerset Refinery last year (as I mentioned during the tour). They quoted WTI-$3 for the fuel (pickup included). We were contacting refineries all over the country last year to determine what stratgey we needed in the event we had to depend on refineries.
For premiums paid for fuel by refineries, that is easy. The American Refining Group (and many others) pay a premium for crude that was less than 2% water and sediment. Our fuel has 0.00% water and 0.00% sediment, unlike crude. We also have trace or no sulphur (another condition for some). You can review many refinery requirements and view how easily we can process our fuel:
http://www.amref.com/Crude-Prices.aspx
More inportantly, their crude price
policy:
http://www.amref.com/Images/PDF/Crude-Price-Letter.pdf
I cannot discuss Sommerset anymore than what I have already stated as I signed a confidentiality agreement with them last week.
Regards,
John Bordynuik
CEO
JBI
No comments:
Post a Comment
Please comment on this post.
Note: Only a member of this blog may post a comment.