Syntec Biofuel Inc. (fka SYBF)

[Crusader]

New SEC filing:

http://biz.yahoo.com/e/090814/sybf.ob10-q.html

snip:

"...PLAN OF OPERATIONS

Having achieved a yield of 110 gallons of alcohol per ton of biomass, Syntec's next undertaking is to build a 1 ton per day Pilot plant to validate their technology and use the facility as a showcase for viewing by potential licensees and investors. Syntec is in discussion with a few groups who either have developed gasifiers or are also looking to validate their technology, or have biomass available with access to funding. Such a Pilot plant is expected to cost between US$6 million and $10 million.

Syntec is continuously working on improving their catalysts to maximize yield and productivity and are in discussion with EERC (a highly respected non profit technology center- part of the University of North Dakota) to take over the final stage of catalyst testing at their laboratories in Grand Forks North Dakota prior to deployment. Syntec has been using the services of Syntec Biofuel Research Inc. to perform R & D at their laboratory in Burnaby and will cancel this contract as soon as an agreement is in place with EERC who have more sophisticated equipment available for testing the reaction of contaminants with Syntecs catalysts.

We are also in discussion with an Asian Group who wishes to build a small Pilot plant for processing the mixed alcohol catalyst in conjunction with a larger scale bio-methanol demonstration plant. This 150 tpd plant will generate revenue of approximately $9 million a year for a proposed joint venture initiative. Development costs will be raised by this group. .."