Oil, Gas and Consumable Fuels
Company Overview of Converde Energy USA Inc.
Converde Energy USA Inc., a development stage company, develops and applies renewable energy technologies to power systems. The company’s plasma assisted bio-mass to energy plants produces green energy in the form of sulfur-free diesel and electricity. The company was formerly known as W2 Energy, Inc., and changed its name to Converde Energy USA Inc. in September 2014. Converde Energy USA Inc. was founded in 1987 and is headquartered in Cambridge, Canada.
120-H Turnbull CRT
Cambridge, ON N1T 1H9
Founded in 1987
Key Executives for Converde Energy USA Inc.
Converde Energy USA Inc. does not have any Key Executives recorded.
Converde Energy USA Inc. Key Developments
Converde Energy USA Inc. to Open a Location in Calgary, Alberta, Canada
Aug 10 15
Converde Energy USA Inc. announced that it will open a location in Calgary, Alberta Canada to exploit stranded natural gas opportunities in the area. Converde has been working on different business opportunities in the conversion of stranded natural gas assets to liquid fuels. During this time the company has determined a large market exists in the area with low barriers to market entry. The company will set up a small system at the Alberta location for customer demonstrations. Cambridge location will focus on Grinding systems, Grinder Manufacturing and contract grinding as previously announced on July 29th 2015.
Converde Energy Seeks Acquisitions
Jul 16 15
Converde Energy USA Inc. (OTCPK:XFUL) is looking for acquisition opportunities. As reported in our last update Converde Energy continues to pursue assets in the green fuel production business as well as traditional energy assets that fit our corporate vision. Coal tailings, coal waste sites and stranded or distressed gas assets are still among our target acquisitions. Converde Energy is in negotiations with 2 such companies, which will bring asset value and cash flow to the company.
Converde Energy Receives $2.4 Million Purchase Order from BCL Mining and Smelting
Mar 19 15
Converde Energy announced that it has received a $2,465,323.00 purchase order from BCL Mining and Smelting in Botswana, Africa to design, fabricate and install a demonstration plant that will use locally available coal to generate electricity and produce liquid hydrocarbon fuels. The plant will use Converde's clean coal water slurry product using a modified burner in a conventional boiler and the company's Steamray Engines to produce 1MW of power. The CWS unit will produce 30 tons per day of clean CWS of which 4.8 tons per day will be used in Converde's NT Plasmatron and turned into syngas and ultimately into liquid hydrocarbon fuel using the company's proprietary gas to liquids reactor and catalyst. The company has already executed and delivered the first phase of the project, which was a Basic Engineering Package that was delivered in December of 2014 and accepted by the customer. Converde was paid $150,000 for phase 1. For the following phase the company will be paid over the next 9 months every 2 months as per a predetermined cash flow plan. The target for a final delivery and commissioning is mid December 2015.
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