Ensyn Affiliate Receives Conditional Commitment for US$70 million Loan Guarantee from the US Department of Agriculture
Ensyn Receives Key Regulatory Approval for its Renewable Gasoline. Approvals now in Place for Ensyn’s Renewable Diesel and Gasoline.
NEW YORK, NY – June 8, 2015 – Dr. Robert Graham, Chairman and CEO of Ensyn Corporation, is pleased to announce that Bruce A. Jamerson has joined Ensyn’s Board of Directors. Mr. Jamerson will represent Ensyn’s Preferred A shareholders, replacing Governor Bill Weld. Governor Weld will continue to serve on the Board, having been elected to do so by Ensyn’s shareholders in the last Annual General Meeting.
YOUNGSTOWN, OHIO, – Ensyn Fuels Inc. (“Ensyn Fuels”), a wholly-owned subsidiary of Ensyn Corporation (“Ensyn”), has signed a contract with Youngstown Thermal LLC (“Youngstown Thermal”) for the supply of RFO™, Ensyn’s advanced cellulosic biofuel. Ensyn Fuels is to provide Youngstown Thermal up to 2,500,000 gallons of RFO per year, with deliveries to begin as soon as the fourth quarter of 2015, in time for the 2015-2016 winter season. Youngstown Thermal will use the RFO to displace up to 50% of its fuel needs in their natural gas fueled boiler. This five-year contract follows a series of successful RFO combustion demonstrations carried out at Youngstown Thermal in 2014.