Thu, Aug 04, 2011
'Business Opportunity' With Fuel Broker RMT Holdings
At the close of trading last week, Brian Kistler, CEO, Freedom
Energy Holdings said that 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.
According to the company website, Freedom Energy International
uses a proprietary process it calls KC-9000 to clean and recycle
heavy oil.
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 burned. 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.
"The market for Jet Fuel is exceptionally large and demand far
exceeds supply. We are excited to now have the opportunity to
pursue commercial contracts in this niche business sector as a
result of our joint venture agreement with RMT. We are in the
process of several on-going negotiations in this, and other
commercial markets, in which RMT has played a significant
introductory role. Further details will be made public once
anticipated contracts have been formalized," confirmed Kistler.
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