U.S Fuel Corp. (fka USFF)

[APRAD39]

3 JUNE 2009 - Is a Diesel-From-Coal Plant Still Coming to Western Kentucky?

(Muhlenberg County, Kentucky) – Plans to start construction of a diesel-from-coal production plant here are apparently still on schedule, but officials are remaining tight-lipped about other details.

The project – a joint venture between Kentucky Fuel Associates and Fuel Frontiers, a subsidiary of tech development company Nuclear Solutions(OTC BB: NSOL.OB) – was announced in May 2008. Construction was supposed to start in the third quarter of this year and the plant was slated to be fully operational by 2011. (See http://www.mfrtech.com/articles/1041.html)

“The project is still on track and seeing the start of construction, as reported, to begin in the third quarter,” Fuel Frontiers President Dave Maland said in a recent e-mail to Manufacturing & Technology eJournal.

Maland declined to release the location of the site, saying the information has not yet been made public. He also declined to elaborate on other details – citing SEC rules – but said “much progress has been made since you last reported on this project.”

In a May filing with the SEC, however, the company said it needs to raise at least $500,000 to sustain operations. “We anticipate raising this money through debt and/or equity financing which may result in substantial dilution, and/or increase the company's indebtedness," Nuclear Solutions said in the report.

The SEC filing also said progress in the development of technologies has been slower than expected because of lack of personnel and lack of working capital.

The original plant specs called for 100 employees and 70 million gallons of production annually. Within two years, the operation is supposed to grow to 200 workers and 200 million gallons a year. The plant is supposed to sell diesel to customers within a 60-mile radius.

For more information about Fuel Frontiers and its parent company, Nuclear Solutions, visit http://www.nuclearsolutions.com/index.html

Source: Manufacturing & Technology eJournal
http://www.mfrtech.com/articles/2159.html


Definitely not the Ironclad verifiable progress I was looking for but after 6 months of complete silence anything is an improvement. Is interesting that this Journal with an article date of 3 June 2009 is quoting Maland reiterating the 3Q construction start date. The beginning of their 3Q construction start window is in a few weeks on 1 July.

Does sound all well and nice but I aint buying it until I see Bulldozers pushing dirt or Yonts on some podium flinging checks and champagne bottles around.