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Thursday, August 20, 2020 1:55:15 PM
CyberFuels plans to build a “green energy” state-of-the-art fuel blending and distribution terminal for its new-age motor fuels via CyberFuels patented and patent pending products which will allow for the company’s rapid growth and expansion throughout Florida and the region. Benefits of the CyberFuels alternative fuels are numerous, but briefly, management believes they are less expensive to consumers, offer higher MPG, reduce carbon emissions, and extend engine life. Management further believes that the new CyberFuels terminal will offer increased earnings through commercial real estate development of the properties surrounding the CyberFuels facility to include administrative headquarters for partner companies and tenant business management facilities.
The new state-of-the-art facility will be designed by Currier & Company of Los Angeles, California utilizing as many green energy opportunities as possible. Jon Currier, principal of the Currier Group, has been selected as Program lead and Project Engineer. Currier & Company has tremendous experience programming and building innovative fuel facilities in markets throughout the United States and around the world. Jon Currier stated, “Our expert engineering staff and talented program team are delighted to have the opportunity to support CyberFuels’ ground-breaking energy initiative that will add tremendous value to the people and industry of Florida.”
The project is expected to have total cost of approximately $152M and is expected to generate an estimated $50M profit per year after the facility is fully operational.
Mills further added that additional information will be made public within the next 90 days upon the completion of the definitive agreement.
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