InvestorsHub Logo

GuyG

07/30/12 4:32 PM

#3232 RE: RookieInvestor1 #3229

I wouldn't give up hope on FEI yet. It is a big world out there. I know they seemed interested in using M-Fuel for shipping. The shipping industry around the world is facing fast approaching deadlines to meet stricter emission controls and the solution they have been leaning toward is to go to LNG. This conversion would be very complicated and expensive, both on the ship and at the ports.

The COO of FEI (Mr. Huber) spoke at a Hanson Wade event in April dealing with this LNG conversion to present M-Fuel as an alternative. This sounds like a no brainer over converting to LNG. Mr. Huber said the plan at the beginning would be to provide M-Fuel at the ports where the ships fuel and potentially later to install the NPU's on the ships.

Here is a link to the Hanson Wade conference:

http://lng-fuelledshipping.com/speakers