Lets see if we can get past this MVTG ERC commercially viable nonsense.
In 2008 MVTG told the world the MVTG-ERC could produce formic acid and formates out of waste CO2 at a profit. That makes it commercially viable.
In 2008-2011 world capital markets froze, crude oil prices fell 80% from $150 to $30 and politics of CO2-climate change continued to be ignored while the world tried recover from a near fatal economic collapse.
In late 2012, MVTG told the world they had made a breakthrough improvement, 10X increase in the ERC efficiency. That makes it more commercially viable (based on pre crash 2008 economics).
Prices and costs of Natural gas and Coal collapsed in many markets (US shale) and oil recovered mostly since 2008. The prices of these commodities varies by huge amounts geographically.
The cost of and need of solving the CO2 end of the problem is real, but is still not fully accounted for in so called commercially viable analysis. Once added, it makes MVTG ERC reactors extremely commercially viable.
H2 production and H2 fuel cell powered cars are not commercially viable but Ballard and Toyota and California are going to move ahead with them anyway.
To avoid serious MVTG shareholder dilution, MVTG CEO Larry Kristof took his time (2008-2013) and built a relationship with and made deals with 2 giants in the industry, Lafarge and Alstom, Alstom just 12 months ago, to commercialize the MVTG ERC reactors.
Now we finally have a massive Canadian grant (massive by MVTG historical records) to fund the MVTG ERC.....
The MVTG ERC pilot plant is being built (prefabricated at Noram) and will be installed at Lafarge in Jan 2015. It will be a multi purpose pilot plant, the multi I have discussed here several times recently.
Consider this. The Multi-factor. The ERC can now make many products, not just formic acid. So I build the pilot plant. I configure it make formic acid one day. Then formates the next day, then Syn gas the next and so on.
Then I check the data and the current economic climate, market prices of inputs and outputs and other deals (customer partners) and see which commercial plant and commercially viable product I want to build first, do I want to make platinum, gold or diamonds first? Which one will be the most profitable?
