[USEI] – Santa Clarita-based U.S. Energy Initiatives Corp. announced Tuesday it has received a patent assignment of a proprietary biofuel patent entitled Green Recycled Derived Biofuel (RDBF). This patented fuel was designed for automotive, aviation and stationary electrical power applications and this fuel was extensively tested by a university laboratory and determined that the fuel preformed splendidly. This fuel is another great attribute of U.S. Energy Initiatives Corp Inc.
According to Anthony Miller, CEO, “This is a game changing event for USEI because we now have a proprietary product that once fully commercialized, affords significant options 1). We can market the fuel or 2). We can license it to a significantly larger firm(s) for royalties. This fuel was developed and patented by our Chief Technology Officer: Mr. Harrison A. McCoy III. This is one of the reason we joined forces again; to commercialize this patent and to produce biodiesel profitably. Mr. McCoy’s patent is a biodiesel and ethanol product all made from waste or recycled products. In the coming weeks more exciting revelations will be unveiled about this patented product”.
“This university report mentioned by McCoy can be found on the Company’s website @ http://www.usenergyinit.com/mccoy-patent-report/ along with a copy of the Patent and a Volkswagen TDI Beetle (used in the testing) that received over 56.8 miles per gallon running off McCoy’s fuel. The timing is right to develop this fuel now, with greater acceptance for biodiesel, greater availability of non-food feedstock, the need for higher mileage vehicles, higher oil prices and government subsidies; our plan in to rapidly develop this fuel and begin road testing to refine automotive applications”, further commented Miller.
About U.S. Energy Initiatives
U.S. Energy Initiatives Corporation is a diverse energy firm that has a long history of developing automotive and hybrid fuel systems and technologies. This firm first started in 1996 and has had a long successful business history of developing its business strategies. Management’s new goal is to develop its new and old technologies and to build a dynamic energy firm. The Company has three separate energy initiatives; one in the oil, gas & technology sector (brought in by Mr. Miller), one in the hybrid fuel or bio-fuel sector and one in the automotive sector. Our goal immediate goal is to develop our bio-fuel opportunities and going forward our goal is to acquire and develop stranded or un-recovered oil properties for enhanced oil production, create partnerships with operators, create strategic alliances for primary and secondary recovery. Our overall goal is to become an environmentally responsible energy company; utilizing all methods available to generate income. We will market our products to a worldwide market to produce significant revenue and add value for our shareholders.
About Mr. Harrison A. McCoy III our partner, our CTO and is a Chemical Engineer, is the great grandson and direct descendant of Elijah McCoy, one of America’s first African-American engineers who invented the “Lubricating Cup.” The expression -”The Real McCoy” -was coined for the invention of this lubricating cup that automatically oiled machinery without down time, thus eliminating the need for a mechanic bearing an oiling can. Mr. McCoy the Former Chairman and Chief Executive Officer of Southern States Power Corporation has a twenty-five year career working at waste/alternative/renewable fuels and energy engineering, business development and land development. Mr. McCoy is invaluable in developing business opportunities and negotiating enabling contracts with the United States National Laboratory systems, Farm Cooperatives and the waste management alternative-renewable fuels-energy industries. Mr. McCoy has developed emerging waste conversion systems/alternative/renewable fuels/energy industries and integrated hybrid solar, wind and biofuel gen-sets for green “firm’ electrical power generation for commercialization. Mr. McCoy is involved with a number of small companies based in the San Bernardino/Riverside area, San Diego and Los Angeles, CA. Mr. McCoy has gained a broad knowledge of the major players, politics, economics and technologies of the waste management-recycling/alternative/renewable fuels and energy re-manufacturing business. Mr. McCoy holds a biodiesel patent (U.S. Patent # 0126790) that includes and ethanol additive blended to the fuel; thus creating an improved biodiesel fuel product.
SCV Energy Company Acquires Patent on Recycled Biofuel
