FDMF is looking pretty good for future lift.
reported at the close of trading today that the company has been presented with a "major new business opportunity" in the aviation sector, as a result of its recently announced commercial joint venture agreement with RMT Holding, Inc ("RMT"). RMT is a foreign based commodities trading company, dealing primarily in the purchase and sale of jet fuel and heavy diesel term contracts on a global basis.
Jet fuel is the third-highest product in demand worldwide and like gasoline, is largely confined to use in the transportation sector. Aviation consumes 2% of all fossil fuels burnt. This represents 12% of the fuel consumption of the entire transportation sector, to be compared with 80% dedicated to road transport. In worldwide operations, U.S. passenger and cargo airlines require 17.5 billion gallons of jet fuel annually, or approximately 415 million barrels. The most economically effective and efficient means by which airlines purchase jet fuel is through "term contracts" based upon a projected volume for a given period of time.
