"BTW the numbers that I quoted were off the Google Finance web site for the annual reporting periods of 06/01/2011 to 05/31/2014, being the most recent four years for which data is available. "
The you sre 12 months behind, and using ancient data for DD
For the most curreent SEC reports and data, and note that PRs should be checked for more current data as the Last 10-Q is already nearly 6 months old data.
"Unfortunately there is, in my opinion, not a(an)- sources and infrastructure to support the supply and distribution of the fuel mixture "
Actually that is part of the most compelling reason Mvtg will soon surpase PLUG and Bldp comppetitors, as the Formic acid infrastructure already exists, where as PLUG and Bldp have had 30 years to build and dream up the still non existant hydrogen infrastructure. Existing gas stations could easily supply the non flamable liquid fuel formic acid and Kemira annd BASF already supply formic acid world wide to a billion dollar annual market.
Formic acid is an efficient and environmentally friendly organic acid for many applications. In leather processing, the acid is used in tanning and dye fixing and serves also as a neutralizing agent and pH adjuster in many steps of textile processing. In the production of epoxidized soy bean oil formic acid is used in combination with hydrogen peroxide as oxidizing agent. In home care, industrial and institutional cleaning, formic acid is a powerful descaler as well as a valuable biocide in many cleaning applications under the Protectol FM brand. It is also used to adjust pH values in flue gas desulfurization, latex coagulation and other applications. Formic acid can serve as a hydride donor in various chemical processes. In animal nutrition the acid preserves feed and silage. In oil field applications it helps to dissolve calcium carbonate. Potassium formate, a salt of formic acid, also helps with well drilling and completion in the oil field industry. Furthermore, potassium formate is environmentally friendly and at the same time a highly efficient deicing agent for roads and airport runways. As it is readily biodegradable, it protects the environment. The pharmaceutical industry uses formic acid in the production of various active pharmaceutical ingredients.
In what form does BASF supply formic acid?
In Europe and Asia, BASF supplies formic acid at concentrations of 85%, 94% and 99%. In North America, formic acid is available in 85%, 90%, 95% and 99% concentrations. Bulk formic acid may be filled in tank trucks and rail cars. As a packaged product, BASF offers formic acid in cans of 35 kg or 70 kg, in drums of 240 kg or 250 kg, and in IBCs of 1160 kg or 1200 kg.
Where does BASF produce formic acid?
BASF is the world’s largest manufacturer of formic acid with production plants at its integrated Verbund sites in Ludwigshafen, Germany, and Nanjing, China. Another facility is being built and due to come on stream in 2014 at the Geismar, Louisiana, site. This will raise BASF’s annual capacity to more than 300,000 metric tons.
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