Syntholene Energy Corp. (TSXV: ESAF,OTC:SYNTF) (OTCQB: SYNTF) (FSE: 3DD0) (“Syntholene” or the “Company”) announces the appointment of Jens Thordarson, former Chief Operating Officer of Icelandair, as a member of its Advisory Board. With nearly two decades of leadership experience in the aviation industry, Mr. Thordarson brings expertise in operations, infrastructure development and large-scale business transformation, critical elements as Syntholene further develops its synthetic fuel solutions for global transportation and logistics.
Mr. Thordarson held multiple leadership positions at Icelandair during his 17-year tenure, including Chief Operating Officer and Vice President of Technical Operations. In these roles, he led large-scale operational improvements, optimized fleet management and integrated advanced technologies to improve efficiency and sustainability in one of the world’s most demanding industries. He is currently CEO of GeoSalmo, a company focused on sustainable aquaculture, further strengthening his commitment to innovative and environmentally responsible industries. Mr. Thordarson also serves as Honorary Consul of Ireland in Iceland, promoting tourism, trade and foreign affairs between the two nations.
“Jens’ leadership in aviation and operations, combined with his strategic network in the country of Iceland, makes him an ideal contributor to Syntholene’s advisory board,” said Dan Sutton, Chief Executive Officer of Syntholene Energy Corp. “As we work to bring sustainable synthetic fuels to the Icelandic and European markets, his insights into the politics, regulatory landscape and infrastructure readiness will play an important role in driving our commercialization strategy.”
Syntholene Energy Corp. is leading the development of sustainable synthetic fuels designed to integrate seamlessly with existing energy infrastructure while significantly reducing CO2 emissions. Mr. Thordarson’s appointment reinforces the company’s commitment to drawing expertise from sectors where fuel efficiency, innovation and operational scale are critical.
“I am excited to join Syntholene’s Advisory Board and contribute my experience in aviation, operations and strategic growth,” said Mr. Thordarson. “The transition to sustainable fuels is essential for sectors like aviation, and Syntholene’s technology represents a major step forward, taking a fundamentally different and more disciplined approach to the challenge. I look forward to working with the team as they move towards scale.”
About Syntholeen
Syntholene is actively commercializing its new hybrid thermal production system for low-cost clean fuel synthesis. The target output is ultra-pure synthetic jet fuel, produced at a 70% lower cost than today’s most competitive technology. The company’s mission is to deliver the world’s first truly high-quality, low-cost and carbon-neutral synthetic fuel on an industrial scale, unlocking for the first time the potential to produce clean synthetic fuel at a lower cost than fossil fuels.
Syntholene’s power-to-liquid strategy uses thermal energy to enable proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20 MW of dedicated energy to support the company’s upcoming demonstration facility and commercial scale-up.
Founded by experienced operators in advanced energy infrastructure, nuclear technology, low-emission steel refining, process engineering and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuels, accelerating the commercialization of carbon-neutral eFuels in global markets.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. The use of the words “expect,” “anticipate,” “seek,” “continue,” “estimate,” “goal,” “may,” “will,” “project,” “should,” “believe,” “plan,” “intends” and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the completion of the definitive agreement, successful implementation of the test facility, commercial scalability, technical and economic viability, expected availability of geothermal energy, anticipated benefits of eFuel and future commercial opportunities, are forward-looking statements.
The forward-looking statements and information are based on certain material expectations and assumptions of the Company, including but not limited to the assumptions that the Company will be able to execute its business plan, that the eFuel will deliver the expected benefits, that market acceptance will occur and that the Company will be able to access financing as necessary to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information as the Company can give no assurance that they will prove to be correct. Because forward-looking statements and information relate to future events and circumstances, by their nature they involve inherent risks and uncertainties.
Actual results may differ materially from those currently expected due to a number of factors and risks, including, but not limited to, Syntholene’s ability to meet production targets, realize expected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks and successfully negotiate final terms. Syntholene undertakes no obligation to update or revise these forward-looking statements, except as required by applicable securities laws.
Readers are cautioned not to place undue reliance on these forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282796
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