At the ribbon-cutting ceremony hosted in Hayward, Siluria unveiled its unique conversion process. Until now, this proprietary technology had been kept well out of the public eye.
According to Ed Dineen, Siluria’s CEO, the Hayward event marked the official launch of the company’s move into the marketplace. Plans call for construction of a new, larger plant to be located in LaPorte, Texas. This will enable Siluria to duplicate its technology on a much larger scale, a crucial step to determining the marketability of the current process.
Dineen said:
“By early next year, we feel we’ll have verified all of the data that we would need to build a commercial facility.”
The company is still a few years away from bringing the technology to consumers. However, if all goes well, Dineen believes Siluria’s breakthrough process will mean significant reduction in the cost of gasoline and diesel fuel.
Enterprises, as well as individuals, also stand to gain from lower fuel costs. Obvious players in this category are transportation and shipping companies, but the benefits will also be felt in other industries. Printing companies, for example, are often heavy users of transport to get their products out to customers.