Benchmark to Target Glycerin for Hydraulic Fracturing of Oil and Natural Gas
09 Dezember 2013 - 11:00PM
Marketwired
Benchmark to Target Glycerin for Hydraulic Fracturing of Oil and
Natural Gas
COLDSPRING, TX--(Marketwired - Dec 9, 2013) - BenchMark Energy
Corporation (OTC Pink: BMRK), has announced plans to move a portion
of its Glycerin supplies into hydraulic fracturing within the
natural gas industry as part of its vision to expand the global
Glycerin supply into new markets.
The Company announced plans that include providing refined
glycerin for use in specialized applications within the industry.
Glycerin has been shown to be an effective additive in the fracking
process and Glycerin's natural properties make it more
environmentally-friendly than many harsher chemical additives. The
impact of hydraulic fracking on the surrounding ground and water
has been a growing topic of discussion within the community.
Glycerin shows promise in being and effective additive to the
fracking solution while helping to lessen the residual chemical
footprint of the process.
GLYCERIN SUPPLY AND REFINER CAPACITY
Benchmark currently acquires its supply of crude Glycerin from
many of the nearly 60 biodiesel plants across the US, with orders
for nearly 30 railcars per month moving to customers in the U.S.
and Mexico
For the first quarter 2014, Benchmark projects it will ship 1
million gallons of Technical Grade Glycerin and intends to initiate
Glycerin shipments to China, one of the largest users of Glycerin
in the world. BenchMark continues to develop additional markets
through partnership and research opportunities.
SHARE STRUCTURE
As of Nov. 2013, the Company had approximately 23.5 million
common shares issued and outstanding, with a public float of around
1.1 million shares.
ABOUT BENCHMARK ENERGY CORPORATION
"BenchMark Energy Corporation (OTC Pink: BMRK) is
the source for glycerin and related refined components, providing
value through our industry knowledge." - Our mission statement
starts the story, but the rest is available at
http://benchmarkenergy.com.
SAFE HARBOR STATEMENT The statements in this release that relate
to the Company's expectations with regard to the future impact on
the Company's results from new products in development are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The results anticipated
by any or all of these forward-looking statements may not occur.
The Company undertakes no obligation to publicly release the result
of any revisions to these forward-looking statements that may be
made to reflect events or circumstances after the date hereof, or
to reflect the occurrence of unanticipated events or changes in the
Company's plans or expectations.
INVESTOR RELATIONS Ashlee Guzman (832) 691-0011
investorrelations@benchmarkenergy.com
http://benchmarkenergy.com
Benchmark Energy (CE) (USOTC:BMRK)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Benchmark Energy (CE) (USOTC:BMRK)
Historical Stock Chart
Von Jun 2023 bis Jun 2024