Friday, June 25, 2010 1:14:03 PM
I actually did a formic acid-alcohol to ester reactor design in by chemical engineering design class at U of H, and I know that formic acid is a very valuable, important intermediate commodity organic compound. I also know that there are probably less than 100 true electrochemical organic synthesis chemical engineers in the entire world capable of even trying to copy what MVTG has been perfecting for years. You can not just pull this stuff out of a patent and copy it, there is a huge empirical learning curve involved, after getting up to speed on prior art, much of which is not published or readily available in this field and MVTG is years ahead of any one on this front (CO2 to Formic acid, via an electrochemical reaction). The Chemical Engineer behind MVTG is one of the top 10 in the world in his field!
The fact that 3M signed a JV deal with them and disclosed it publicly in an SEC filing, says they believe MVTG is the leader in this venture too! 3M is simply trying to develop a better membrane separator for the MVTG reactor to boost efficiency and yield (IIRC).
But I am giving away too many of my secrets here, feel free scare investors into selling shares and dump them so I can buy more cheap shares, before this stock goes balistic! LOL
ECO is long, and adding on any pullbacks and price dumps!
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