Bussiness News

National Clean Fuels (PinkSheets:NACF) applauded the news that the U.S. Department of Energy (DOE) and Masdar, Abu Dhabi’s multifaceted renewable energy initiative, has just signed a Memorandum of Understanding to promote collaboration on clean and sustainable energy technologies, including research and development.  

“These types of collaborative agreements pave the way for the clean fuels industry to profit from mutual cooperation”

The agreement, signed at DOE by U.S. Deputy Secretary of Energy Daniel Poneman and Dr. Sultan Ahmed Al Jaber, CEO of Masdar, builds on the historically strong ties between the United States and the United Arab Emirates to establish a framework for cooperation in three key areas – carbon capture and sequestration, water and bio-fuels, and building technology. The agreement opens the door for scientific and technical exchanges and joint research and development of clean energy technologies.

“These types of collaborative agreements pave the way for the clean fuels industry to profit from mutual cooperation,” said Maurice Stone, President of National Clean Fuels. “We see this as a very good sign for NACF; validating our teaming efforts with our own clean fuel investments.”

National Clean Fuels aggressively develops alternative energy projects and profitable clientele relationships in a sector that is growing to compete in the energy industry, which contains Devon Energy Corp. (NYSE:DVN), World Fuel Services Corp. (NYSE:INT), Duke Energy Corporation (NYSE:DUK) and Penn West Energy (NYSE:PWE).