Tuesday, January 25, 2011 7:10:56 AM
Dallas, TX, January 25, 2011 --(PR.com)-- Standard Oil USA, INC. (OTC:SOCU), announces that they have signed a LOI with TXSER for the project developmental management and completion of converting coal to liquid processing fuel plants, general project management services, and logistical support, project identified as Coal-to-Liquid (C2L).
Mr. Ronald Brooks, Standard Oil Company USA’s Chairman & CEO is quoted as saying, “This is an exciting day for Standard Oil Company USA. This LOI sets in writing several months of negotiations between TXSER and Standard Oil Company USA. This LOI is the new direction that Standard Oil Company intends to focus its expertise. This is a new generation of C2L technology that has shown an increase in production of refined fuel per ton of coal over existing similar technologies. In addition we are able to build smaller facilities “micro plants” that will allow us to build facilities closer to regions where the product can be utilized which addresses the logistical restrictions large scale operations have to contend with. This direction will benefit all shareholders of Standard Oil Company USA. The projects will benefit North America to reduce North America’s dependency on foreign oil.”
About Standard Oil Company USA, Inc.
About Us Statement: Standard Oil Company USA (SOCU.PK) is a leading independent energy company headquartered in Dallas, Texas and focused on oil and gas drilling, lease development and trading. Standard Oil Company, Inc. through its global network of buyers and sellers, along with its staff of seasoned oil, gas, refined fuels, trading professionals, drilling crews, engineers, attorneys and CPAs, will help facilitate the ease of transaction between buyers and sellers of actual, tangible oil and gas leases refined fuels allocations. Together with this, Standard Oil Company USA continues to search to acquire new oil and gas lease properties for exploration and future development both domestically here in the USA as well as internationally.
http://aggregator.in/blog/2011/01/25/standard-oil-company-signs-letter-of-intent-with-txser-texas-strategic-energy-reserve/
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