Swift Fuels has filed a notice of an exempt offering of securities to raise $48,000,000.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Swift Fuels is raising up to $48,000,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Chris D’Acosta played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Swift Fuels
Swift Fuels is a privately held research and development company specializing in process technology to convert low-value hydrocarbons into high-performance fuels and base petrochemicals. Our proprietary technologies improve the energy density and octane performance of premium gasoline blendstocks and can also produce high-cetane ULS diesel fuel blendstocks and/or high-value olefins and aromatics for petrochemicals. Our LG2F technology utilizes proprietary carbon-mitigation techniques resulting in ultralow CO2 emissions. Swift Fuels is also a global leader in developing unleaded high-octane aviation gasoline used by piston engine aircraft. Our fuels are designed to meet or exceed the performance requirements of industry approved aviation gasoline for piston engine aircraft but without the use of toxic tetraethyllead or diethylene bromide found in 100LL avgas. In 2015, Swift Fuels introduced an unleaded 94+ motor octane fuel compliant with ASTM D7547 Grade UL94 aviation gasoline. This fuel is currently available and sold to airports throughout the US and is FAA-certified to service up to 66% of the US piston fleet.
To learn more about Swift Fuels, visit http://www.swiftfuels.com/
Contact:
Chris D’Acosta, Chief Executive Officer
605-275-3000
https://www.linkedin.com/in/chrisdacosta1/
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