Emerging Fuels Technology seeks to raise $75M in Regulation A+ offering; BioGTL and FlareBuster plant technology
Emerging Fuels Technology (EFT), a technology company focused on transforming a number of waste sources of carbon into fuels and chemicals that greatly reduce emissions while generating profits (earlier post), has launched a Regulation A+ equity funding campaign, following the qualification of its Form 1-A offering circular by the US Securities and Exchange Commission. Under the Regulation A+ offering, EFT plans to raise $75 million.
The company is a recognized authority on Fischer-Tropsch (FT) synthesis. It also has considerable expertise in upgrading technologies for making fuels and chemicals. EFT has applied our upgrading technology to a wide range of non-FT feedstocks such as algae oils, plant oils and plastics.
With its ability to produce synthetic and renewable-fuels and chemicals from feedstocks such as natural gas, flared gas, biogas, biomass, municipal solid waste, carbon dioxide (CO₂) and more, EFT and its technology platform provide a sustainable and scalable way to turn waste sources of carbon into drop-in compatible fuels and chemicals that greatly reduce GHG emissions. EFT’s offering is open to both accredited and non-accredited investors.
Through two distinct configurations of its technology, EFT can significantly expand its commercial opportunities while addressing the great need for greener fuel sources:
BioGTL (biogas to liquids) – EFT’s small BioGTL plants are designed to produce renewable fuels directly from feedstocks such as biogas from landfills, agricultural digesters and waste water treating plants. They produce 58 barrels per day of sustainable renewable fuels such as jet and diesel that, depending on the site and feedstock, may be considered low-carbon, carbon-neutral or even carbon-negative. EFT’s BioGTL plants are easy to install and maintain, and require minimal human capital and equipment.
FlareBuster – EFT’s FlareBuster plants are designed for the conversion of flared or stranded natural gas feed into liquid transportation fuels and chemicals, with the ability to produce up to 500 barrels of fuel per day. Methane in natural gas is 25 to 28 times more potent as a greenhouse gas than CO2, and converting flared gas into drop-in compatible fuels results in greatly reduced GHG emissions while producing valuable products.
Both of our configurations are highly integrated, modular and repeatable. This allows us to put them right where the feedstock is being generated, which greatly reduces the capital expenditure per barrel due to cost savings of the repeatable design and short installation schedule when compared to other methods. The FlareBuster can also be configured to make higher value chemicals like solvents and lubricants from flared, stranded or otherwise compromised natural gas. Projects based on our new configurations align with the world’s green energy initiatives by significantly reducing GHG emissions.—Kenneth Agee, Founder and President of EFT
In recent years, the company has licensed its technology to clients developing projects for production of synthetic/renewable fuels and chemicals from a variety of feedstocks. These projects have attracted more than $450 million of capital for their construction. The continued licensing of its technology to clients coupled with EFT’s expansion plans to use part of the proceeds from this offering to build and operate its own BioGTL and FlareBuster plants means EFT is poised to take advantage of its position in the world’s new green energy market, the company said.