This joint venture involves a direct collaboration with a highly regarded refinery allotment holder, ensuring us a reliable monthly allotment of up to 8 million barrels of aviation fuel. This commitment translates into an annual supply of 96 million barrels, significantly bolstering the company's growth trajectory and establishing a prominent presence in the aviation fuel sector.
The company's next strategic step is to obtain its own fuel storage tanks in
The Company can potentially increase the monthly allotment under the joint venture to meet any surging demand. The company plans to leverage this newly secured supply chain to cultivate and engage potential buyers for aviation fuel as part of the joint venture.
About
Please note that certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services, or solutions. The words "believe," "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions, and all statements that are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the
Please be aware that while the Company believes that its revenue-related calculations are accurate and based on factual information, there can be no assurance that the Company will be able to achieve all projections due to a number of business-related factors.
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2024 GlobeNewswire, Inc., source