American Energy Partners Inc (AEPT)

[GR8FX]

World Bunker Fuel Prices
http://shipandbunker.com/prices

In case you missed this mornings note from WTWO:

It begins:
"The company has signed and Memorandum Of Understanding (MOU) to buy 51% of Ecobound Fuel Production Systems from Ecobound International.

This strategic acquisition puts W2 Energy in the business of fuel distribution on a global scale and will enable the company to market and produce its bunker oil replacement as well as its other clean fuel products...."

Info "Going Up" dug up follows (in case you missed that):

Bunker fuel is technically any type of fuel oil used aboard ships. It gets its name from the containers on ships and in ports that it is stored in; in the days of steam they were coal bunkers but now they are bunker fuel tanks. The Australian Customs and the Australian Tax Office define a bunker fuel as the fuel that powers the engine of a ship or aircraft. Bunker A is No. 2 fuel oil, bunker B is No. 4 or No. 5 and bunker C is No. 6. Since No. 6 is the most common, "bunker fuel" is often used as a synonym for No. 6. No. 5 fuel oil is also called navy special fuel oil or just navy special; No. 5 or 6 are also called furnace fuel oil (FFO); the high viscosity requires heating, usually by a recirculated low pressure steam system, before the oil can be pumped from a bunker tank. In the context of shipping, the labeling of bunkers as previously described is rarely used in modern practice.
http://en.wikipedia.org/wiki/Fuel_oil

WTWO

W2's newest addition is a 1.5 ton per hour coal slurry processor. The intent of the processor is to generate immediate revenue by producing coal slurries as a substitute for No. 6 fuel oil commonly known as "Bunker Fuel." W2 Energy's coal slurries can be directly used in boilers that use bunker fuel as feedstock at a fraction of the cost of No. 6 fuel oil. The processor will also be capable of producing coal fuels that are replacements for No. 2 fuel oil or "heating oil" and a suite of other products. Initially, W2's two main revenue producing products will be focused on bunker fuel and heating oil replacements. Plans are for W2 Energy to produce a COF (Coal Oil Fuel) that will use a combination of biodiesel and coal that will be a direct replacement for heating oil at 50% of the cost. Additionally, the fuel and heating oil will have a 30% bio-renewable factor in it which will allow for renewable credits.
Once a suitable coal has been selected and its properties evaluated for a known site with given boiler design characteristics, CWO (Coal, Water, Oil) fuel process design can be carried out relatively rapidly. The most important question is whether fuel preparation will be carried out on site or the fuel has to be transported to the site for use. As our proposed equipment is relatively small in size compared to other approaches, it can likely be fitted in close to the combustion site, for significant savings in avoided transportation and piping costs.
Michael McLaren, CEO of W2 Energy, stated, "When we first began to build our coal slurry processor we never realized there would be a significant market for this product. Initially, we intended to use this product as our feedstock for the NT Plasmatron. Being in Canada, most heating and other power generation is done with natural gas which is cheap and abundant here. However, this is not the case in densely populated areas throughout the world. Many countries still rely very heavily on fuel oil for heat and power generation." He also stated, "Since our fuel replacement is processed using an agglomeration method, our fuel is virtually free of ash and sulphur as well as other contaminants. This makes for a very desirable market. We are already in discussions for the production of our coal slurry in several specific geographical regions. Our coal slurry processor has recently produced several batches of product which has been sent out for independent testing."
http://finance.yahoo.com/news/w2-energy-inc-completes-installation-140000821.html