Wednesday, July 15, 2015 1:09:56 AM
The other is a Pilot plant deal with MVTG and Alstom and LaFarge to fund and deploy and operate an MVTG ERC-pilot plant to produce Formates and formic acid from waste CO2 off gas at LaFarge.
The five phase Alstom-MVTG R&D deal has nothing to do with LaFarge and nothing to do with formates or formic acid production. Please burn that fact into your minds and memory folks!!! It is clear in the 8-K, crystal clear.
That is as clear as night and day in the November 2013 8-K filed with the SEC and signed by Alstom and MVTG. There is NO-phase# 1-5 with the LaFarge pilot plant!!!! No phases at all with LaFarge.
"Which means phase 5 should have already been completed in January. The Alstom deal as reported in the 10k was for work on the Lafarge Pilot program."
Please go read the 8-K cover to cover again. The later PRs and recent interviews confirm that MVTG's Alstom R&D 5 phase project is all about perfecting additional products other than formates and formic acid using the already issued 4 international patents that MVTG owns. Those new products have been confirmed to be Syn gas like said before, H2-hydrogen and CO-carbon monoxide.
The latest MVTG update, a pdf file update, on the MVTG Website, from the latest MVTG-ERC conference has been updated recently to show that the Alstom-MVTG-ERC-R&D-syn gas product is actually more focused on maximizing the concentration of the CO-Carbon Monoxide made from CO2-waste gas and minimizing the O2-Oxygen and H2-Hydrogen products as they have lower profitable commercial value than the CO-Carbon Monoxide.
So it is apparent now that the MVTG R&D that Alstom paid for was a huge success in phase 1 and phase 2 (phase 2 perfected the catalyst for what I will call the MVTG-ERC plant design style #2, for clarity)
and phase 3 is nothing more than a vendor search for hardware and prices and running software engineering programs that optimize the capital costs and operating costs of the MVTG ERC pilot plant and commercial full scale plant designs before the final phase 4 stage where Alstom picks the final designs out of the phase 3 results, in a review process and funds it all for a phase 5 launch of the second MVTG-ERC that I will call style #2, as it is completely different than the LaFarge pilot plant.
Perhaps LaFarge decided to investigate switching to the Style #2 MVTG-ERC reactor at the last minute just as Alstom approved phase 3 and LaFarge delayed the LaFarge Pilot plant while they wait for phase 3 data on costs and profits to decide which plant design they want to pursue? LaFarge may get only one shot at picking and trying the best of the two MVTG-ERC-Pilot plants for their unique waste off gas.
If they did, that might be smart for them, 30 times larger existing product market for CO-Syn gas than for Formic acid at this time!!! That might explain the PR Larry released about the why of the delay, that has been discussed here today.
The CO-product, Carbon Monoxide of the style #2 MVTG-Alstom-ERC has an existing market of 30 billion dollars per year (Formic acid's current market is barely 1 billion dollars per year, until the MVTG-MRFC fuel cell makes the market larger) and CO-Carbon Monoxide is one of the most important intermediate chemical-refinery complex products used and made in the chemical plant refinery complexes today.
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