SPDR Barclays 0-3 Year US Corporate Bond Ucits E (SYBF)

Description:

Syntec Biofuel Inc. was incorporated in the State of Washington on March 15, 2000. The Company is now consistently achieving yields in excess of 110 gpt, making the Syntec Catalysts an economically viable method of producing ethanol, methanol, propanol and butanol from waste cellulosic biomass. Syntec has incorporated a wholly owned subsidiary to start working in parallel on developing a catalytic process to produce bio-butanol from Municipal Solid Waste and other waste biomass. Butanol or Butyl alcohol is a four carbon alcohol which could be used as a fuel. This biofuel could be made by fermentation or synthesized from syngas. The Company would undertake research in all areas of manufacturing Butanol and Propanol with its emphasis on catalysts. Syntec's process is a biomass-to-alcohol ('B2A') conversion path quite similar to modern day methanol or gas-to-liquid production processes used commercially by companies such as Methanex, Shell, and Sasol. The Company owns the patent 'Catalysts and processes for the manufacture of lower aliphatic alcohols from syngas' which was approved on the 10th of June, 2008. The Company considers the combination of the Syntec catalyst and the B2A process to be unique which differentiates the Company from its competitors. The focus of the Company is research and development of the B2A process and the Syntec catalysts since the acquisition of the intellectual property on September 28, 2007. Ethanol is currently produced mainly via a dry milling fermentation process of food chain feedstock such as corn, sugar cane, wheat or barley. This process is well developed but remains subject to a number of negative externalities, including increase in food costs, using farmland for transport purposes rather than food production, water issues, net energy values and cost volatility associated with grain feedstock usage. Competitive research is currently being undertaken with catalytic synthesis, enzymatic fermentation, which uses enzymes to break down bio-waste, dilute acid hydrolysis fermentation and concentrated acid hydrolysis fermentation.