The funding will enable CORE to establish an engineering, procurement and construction (EPC) contract with an international oil and gas engineering company to define a fixed plant cost.
The EPC contract will allow CORE to secure project debt financing and performance guarantees for the plants through AON Reed Stenhouse.
Osprey Capital’s work for CORE will be spearheaded by Alan Crossley, who has over twenty-five years of experience in the chemical, petroleum, and renewable fuels industry.
Crossley said CORE will be producing a carbon neutral, market ready gasoline utilizing existing technologies, has secured an off-take agreement and has a significant competitive advantage in terms of production costs.
CORE is a Canadian company focused on energy security for the North American and European markets.
