Mentioned:
Syntholene Energy is on the verge of validating a new potential breakthrough approach to synthetic jet fuel. And they’re doing it in Iceland.
What’s happening:
- Syntholene Energy (TSXV: ESAF) has publicly stated the construction of their geothermal-integrated synthetic fuel demonstration facility located in Iceland is ahead of schedule
Why it matters:
- Syntholene Energy’s Hybrid Thermal Production System uses combined heat and electricity to target sustainable fuel production at a roughly 70% lower cost than other competing technologies
Going deeper:
- The synthetic fuel demonstration facility being built by Syntholene Energy is aiming to validate the potential of integrating geothermal heat with high temperature electrolysis to produce low cost hydrogen as the core feedstock for synthetic fuel production
- Syntholene Energy has also publicly stated they expect their demonstration facility in Iceland to be operational imminently which is roughly six months ahead of schedule
The intrigue:
- Syntholene Energy previously made waves when they landed an expression of interest from Icelandair to supply them with 20,000 tonnes of synthetic aviation fuel
