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The Company is engaged in developing and employing innovative technology to produce synthetic liquid hydrocarbons that are free of contaminants normally found in conventional products made from crude oil.
Syntroleum develops and markets synthetic fuels. Including diesel fuels, ehating oil, aviation fuels, lubricants, etc. BP believes biofuels will eventually make up 9 percent of the global energy mix. The IEA says biofuels couldplay a fundamental role in cutting carbon dioxide emissions from transportation. The IEA wants biofuels to grow from 2 percent of total transport fuel mix currently, to 27 percent by 2050. All of these factors could have huge potential for this company. SYNM has a market cap of about $100 million making it a good candidate for acuisition. SYNM's recent secondary offering has piled shorts, and the recent insiders have purchased about 170,000 shares.
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