Frontieras North America: Built for Profitability
Written by Matthew McKean, CEO and co-founder of Frontieras North America (LinkedIn)
Frontieras North America is built to deliver abundant, affordable and available energy. This mantra, 12 years in the making, has shaped Frontieras’ path to the market, structured the company towards profitability and aligned Frontieras’ introduction of Solid Carbon Fractionation technology to address the current energy crisis. By being patient and taking twelve years to arrive where we are today, I think it is safe to say that Frontieras is not your normal company, and because of that, we are always looking beyond standard practices to achieve our overall business objectives.
Frontieras has been focused, with the support of a dedicated group of investors, on establishing a foundation and management team that will allow it to achieve its lofty goals. Specifically, we have taken steps to develop, test and protect the intellectual property (IP) surrounding Frontieras North America’s technology. Over the past 12 years we have secured patents in 9 different countries. We engineered, built and operated a process demonstration unit which validated the yields of the technology and was confirmed by a third party engineering firm. This demonstrated the technology can produce liquid, gas and solid energy products more efficiently than conventional methods.
Most recently, we locked down the location of the first FASForm plant site with a land acquisition in West Virginia. We onboarded the company’s first Chief Commercial Officer, Andrea Moran, who is focused on deploying a three-tier financing strategy that targets the Department of Energy, private investment, and public markets. Last week, Frontieras North America distributed its private placement memorandum and will file our Form 10 to become a publicly listed company later this year.
Frontieras stands tall amongst today’s “unicorn” high technology startups. We believe that shareholders should share in the success of the company, and as such, we are committed to delivering dividends on a consistent basis. To help accelerate this shift, we developed a C-suite ONLY (CSO) executive management team structure that is reliant on third party vendors, suppliers and contractors. This approach allows our management team the most flexibility in developing projects without being burdened with the costs and time requirements of vertical integration, as well as introducing a level of expertise and guarantees by our value-added partners to the overall success of the company. To date, we have worked with reputable third-party engineering groups to validate the technology, industry brokers to prepare Frontieras for a public listing, and leading lobbyists to communicate our message to the government. Moving forward, we anticipate managing the engineering and construction of the first FASForm plant, as well as its ongoing maintenance to all be performed by third parties.
This philosophical outsourcing approach is a unique differentiator for Frontieras. The use of contractors provides us the ability to be more agile, carry less corporate burden and create more profitability for the shareholders. This approach also protects us from falling into the trap of chasing valuation versus sound profits and the delivery of regular dividends. Frontieras’ strategy allows it to avoid becoming a monolithic organization that becomes too slow to respond to the market changes which results in diminished returns to the shareholders (i.e. changing government regulations). We strongly believe that Frontieras’ offering to the market is going to reshape the use of coal, extend the lifespan of existing coal plants, and increase the output of available hydrocarbon-based yields. Frontieras looks forward to becoming a leader in the conversation about the true role of fossil fuels.
Frontieras’ entrance into the market is also timely. The current energy crisis has accelerated the need of Frontieras’ innovative technology and created an opportunity for Frontieras to deliver on its vision in an expedited fashion. While the conflict between Russia and Ukraine has dramatically increased the energy crisis (especially in Europe), it would be naive to not also examine the impact of the world’s governments embrace of renewables as another reason for the issues. Rallying around renewables to address climate change has led us down a path that is not able to keep up with today’s energy needs. On top of this, government actions that have limited the production, innovation and investment in the exploration of proven energy sources. When a government regulates against energy production, a core foundation of the globe’s civilization is cut off and its impact will only get worse.
Frontieras, as a new comprehensive energy solution, produces and trades into a commodities-based energy sector with its delivery of liquid, gas, and solid products. From a global perspective, the need for Frontieras’ FASForm technology continues to build. Outlined below are examples illustrating why coal will continue to play a large role toward recovery from the current energy crisis:
According to research from Rystad Energy: European coal generation increased 18 percent amid a decline in gas, hydropower and wind. In mid- February, the group estimated that if a military conflict materialized between Russia and Ukraine, coal generation could jump by an additional 11 percent this year.
West Virginia versus the Environmental Protection Agency: the court’s ruling limits the authority of the EPA to regulate emissions of individual power plants, and clearly states that the EPA cannot implement broad “generation shifting” on the energy sector.
French utility EDF is considering keeping the UK’s 2,000MW West Burton A coal-fired power plant open beyond its September 2022 closing date.
Portugal has discussed the idea of reopening its 1,200MW Sines and 600MW Pego coal plants.
Germany’s utility Steag has announced it is postponing the decommissioning of the 460MW coal-fired Herne 4 unit until spring 2023.
These actions by governments and legislative bodies and changes of opinion regarding coal stem from the realization that renewables cannot keep up with the demands of current industry and population growth. Frontieras’ delivery of abundant, affordable and available energy through Solid Carbon Fractionation is arriving just in time as the U.S., EMEA and the rest of the world faces an energy crisis
To learn more about Frontieras North America and its patented energy solution, please visit our site at www.Frontieras.com.