Sign in Subscribe
Semiconductor industry

Amelot Grows Stronger with Agreement from Merlin Petroleum

Strategic Insights

— 2 min read

Amelot Holding, Inc. (Pink Sheets: AMHD), a diversified holding company focused on alternative energy and bio-fuels, has announced an agreement with Merlin Petroleum Company, Inc. to supply biodiesel to Merlin for resale to its client base. Merlin Petroleum, a fuel brokerage and trading company with nearly 25 years of experience in the marine industry, will utilize Amelot's biodiesel to meet the requirements of the Energy Conservation Reauthorization Act of 1998, which allows federal, state, and alternative fuel provider fleets to meet up to 50% of their light-duty alternative fueled vehicle purchase requirements with biodiesel.

Key Takeaways:

  • Amelot Holding, Inc. has agreed to a working arrangement with Merlin Petroleum Company, Inc. to supply biodiesel to Merlin for resale to its client base.
  • Merlin Petroleum, a fuel brokerage and trading company with nearly 25 years of experience in the marine industry, will utilize Amelot's biodiesel to meet the requirements of the Energy Conservation Reauthorization Act of 1998.
  • The Energy Conservation Reauthorization Act of 1998 allows federal, state, and alternative fuel provider fleets to meet up to 50% of their light-duty alternative fueled vehicle purchase requirements with biodiesel.
  • Amelot's agreement with Merlin Petroleum marks a significant step in developing a network of organizations to distribute Amelot's output globally.
  • Amelot holds a 20% share in Merlin Petroleum, giving the company a strong foothold in the fuel brokerage and trading industry.
  • Merlin Petroleum Company, Inc. is a major supplier to the United States Government and holds multiple contracts for the supply of marine fuels to U.S. Navy and U.S. Coast Guard vessels.
  • Amelot has a strong focus on alternative energy and bio-fuels, with a vision to develop a network of organizations to help distribute their output globally.
  • Merlin Petroleum's supply of 2 billion gallons of fuel per year is a significant market opportunity for Amelot's biodiesel.
  • The partnership between Amelot and Merlin Petroleum demonstrates the growing demand for alternative fuels and energy solutions.
  • The Energy Conservation Reauthorization Act of 1998 has created a market opportunity for companies like Amelot to supply biodiesel to federal, state, and alternative fuel provider fleets.

Statistics:

  • Amelot Holding, Inc. stock price closed at $0.021 per share on Friday, trading 1,328,600 shares.
  • Merlin Petroleum Company, Inc. has nearly 25 years of experience in the marine industry.
  • Merlin Petroleum Company, Inc. supplies 2 billion gallons of fuel per year.
  • The Energy Conservation Reauthorization Act of 1998 allows federal, state, and alternative fuel provider fleets to meet up to 50% of their light-duty alternative fueled vehicle purchase requirements with biodiesel.
  • Amelot Holding, Inc. is a diversified holding company with a focus on alternative energy and bio-fuels.
  • Merlin Petroleum Company, Inc. holds multiple contracts for the supply of marine fuels to U.S. Navy and U.S. Coast Guard vessels.

Sources:

  • Amelot Holding, Inc. press release, dated November 27, 2006
  • Merlin Petroleum Company, Inc. press release, dated November 27, 2006
  • BusinessNetwire.us press release, dated November 27, 2006

Read more