U.S. FUEL CORPORATION
ALTERNATIVE SYNTHETIC FUELS
FOR THE 21ST CENTURY
CREATING AMERICAN JOBS THROUGH NEXT GENERATION PATHWAYS
TO ENERGY INDEPENDENCE
|U.S. Fuel Corporation |
277 White Horse Pike
Atco, N.J. 08004
Investor Relations: 856.753.1046
Harry Bagot - President & Chief Executive Officer During the past eleven years from 2000 to 2011, Mr. Bagot served as the Director of Property Management for First Montgomery Group and as the Project Manager for United Communities where he was a key member of development and construction team where he managed an approximately $300M privatization project for joint base housing at McGuire Air Force base and Ft. Dix. The Scope consisted of community planning, design and demolition of 1915 homes, construction of 1635 new homes and renovation of 449 homes. Project responsibilities included: request for proposal, development, construction design, multiple business plans, zoning and construction approvals through, marketing and sales. This Privatization project received an Air Force award for the best privatized project in 2008 and again in 2010. William E. Chady - Chief Financial Officer Mr. Chady is a Certified Public Accountant with over 28 years of experience. He is a member of The Kentucky Society of Certified Public Accountants as well as a member of the American Institute of Certified Public Accountants. For the most recent 21 years, Mr. Chady has operated a full service accounting firm, William E. Chady, PSC, with emphasis on small to medium size companies, many in the oil and gas industries. Mr. Chady maintains responsibility for the full accounting function for a number of his clients and has assisted in multiple initial public offerings and private placement memorandums. Mr. Chady is currently the Chairman of the Board of four Texas Roadhouse Restaurants in addition to serving or having served as a Managing Member, Director and or Officer of several other Kentucky Corporations and Limited Liability Companies. Craig Conner – Senior Energy Consultant Craig Conner is an accomplished business development executive with more than 20 years' industry experience in energy, fuels, project development, and engineering. Mr. Conner has a BS in mechanical engineering and is an expert team leader with a proven record of executing large-scale, technically sophisticated initiatives from conception to completion. He recently served as vice president of a large Gas to Liquids plant development business in Ohio to convert the region's new shale gas into value added products. Mr. Conner has also been a general manager and director of business development for a major utility company. Gary K. Sparks - Lead Project Manager Mr. Sparks will have oversight responsibility for the planning and construction of a Coal-to-liquid fuel plant in Muhlenberg County, Kentucky. Additionally, Mr. Sparks will be responsible to work closely with the office of State Representative Brent Yonts and the office of the Governor of Kentucky to coordinate project efforts. Mr. Sparks has an extensive 35-year background in construction, plant and project management. From 2006 to 2010 Mr. Sparks served as president of Kentucky Fuel Associates Inc., a firm dedicated to the development of the first coal-to-liquid (CTL) fuel plant in Kentucky with emphasis on curtailing the country's dependence on foreign oil. Additionally, from 2003 to 2008 Mr. Sparks served as president and co-owner of Mechanical Installations Inc., a firm specializing in the construction and startup of water treatment plants, paper mills, steel manufacturing and processing plants.
US FUEL Corporation Receives Approval from SEC to Register the
Stock Effective Immediately 6.19.2014
UNITED STATES OF AMERICA BEFORE THE
SECURITIES AND EXCHANGE COMMISSION
19 June 2014
In the Matter of
US Fuel Corporation
277 White Horse Pike #200
Atco, NJ 0800
ORDER DECLARING REGISTRATION EFFECTIVE PURSUANT TO SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF
1934, AS AMENDED
File No. 0-31959
US Fuel Corporation has filed with the Commission a registration statement pursuant to
Section 12(g) of the Securities Exchange Act of 1934 relating to its common stock.
US Fuel Corporation requests that the registration statement be made effective prior to the expiration of sixty days after filing with the Commission.
The request for acceleration, which if granted would subject the registration statement to Section 18 of the Act sooner than it would be otherwise, appears to be appropriate in the public interest and for the protection of investors. Therefore, it is ORDERED that the registration statement shall become effective immediately.
For the Commission, by the Division of Corporation Finance, pursuant to delegated authority.
Kevin M. O'Neil
US Fuel Corporation (“US Fuel” or “the Company”) will build, own and operate a platform of 7 to 10 strategically located, small scale (1000 to 2000 BBL/day) facilities, which convert natural gas into non-petroleum based alternative fuels, such as diesel, gasoline and aviation (jet fuel) and other valuable products. The company will capitalize on the projected spread in commodity prices between natural gas and ultra-low sulfur diesel (ULSD) and will yield an expected 10 year IRR of 20-30%.
US Fuel a publicly traded company, OTC ticker symbol- USFF is developing its first plants, 2000 barrel per day (bpd) in Muhlenberg County Kentucky or Henderson Kentucky. The Company has invested over $900,000 in the projects to date, and is seeking $200 million to achieve commercial operation of the first plant.
US Fuel anticipates funding to be in three tranches, $963,000 to complete Development, $6.56 million to complete the Front End Engineering and Design, and $337.93 million to complete construction. We estimate a plant could begin commercial operations as soon as twenty four months after the first funding.
The Fischer–Tropsch process is a collection of chemical reactions that converts synthesis gas (syngas) a mixture of carbon monoxide and hydrogen into liquid hydrocarbons. US Fuel will produce syngas from natural gas and a Fischer-Tropsch technology to produce diesel fuel, naphtha.
The high quality diesel fuel produced through the Fischer–Tropsch (FT) process contains near zero Sulfur and can be used directly in today’s diesel-powered vehicles. Laboratory testing indicates that F-T diesel provides superior vehicle performance and delivers dramatic across-the-board reductions in all major criteria pollutants such as SOx, NOx, and hydrocarbon (HC) emissions and reduces the most harmful pollutant, PM 10 (10 micron particulates) by 34%.
These fuels are compatible with the current petroleum distribution infrastructure and do not require new or modified pipelines, storage tanks, or retail stations.
US Fuels’ strategy of locating small plants next to interstate pipelines will maximize returns by lowering feed stock prices and reducing transportation costs. The smaller size will significantly reduce the time to permit each plant so shorten the construction period, and make the projects easier to finance.
USFF - Daily Candlesticks