Franklin Mining (OTC: FMNJ)
FMNJ is a Mining and a Gas-To-Liquids Development firm with Operations in Bolivia.
The Gas-To-Liquids (GTL) technology to be used in the YPFB and Franklin Oil & Gas, Bolivia S.A. joint venture processing plant will convert natural gas into a liquid synthetic fuel.
Locally known as eco-diesel, the GTL produced fuel will be a near crystal clear liquid, free from most — if not all — pollutants.
Worldwide, this technology has the potential to convert trillions of cubic feet of Natural Gas into billions of barrels of fuel.
The YPFB, Franklin joint venture processing plant will provide fuel for both industrial and consumer use. When available, the eco-diesel product will immediately begin eliminating Bolivia’s need for imported diesel fuels. GTL produced fuels can be used to power diesel engines of various uses and applications as well as jet and natural gas turbines.
Franklin Mining, Inc.’s directors and executives believe the YPFB, Franklin Oil & Gas, Bolivia S.A. joint venture will provide shareholder value as GTL technology and Bolivia’s abundant natural gas reserves combine to meet domestic needs and capitalize on export opportunities.
http://biz.yahoo.com/iw/060601/0132574.html
FMNJ is following a strategic business plan that has a lot of potential.
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