SOURCE: Benchmark Energy Corporation
COLDSPRING, TX--(Marketwired - Dec 9, 2013) - BenchMark Energy Corporation (OTC Pink: BMRK), has announced plans to move a portion of its Glycerin supplies into hydraulic fracturing within the natural gas industry as part of its vision to expand the global Glycerin supply into new markets.
The Company announced plans that include providing refined glycerin for use in specialized applications within the industry. Glycerin has been shown to be an effective additive in the fracking process and Glycerin's natural properties make it more environmentally-friendly than many harsher chemical additives. The impact of hydraulic fracking on the surrounding ground and water has been a growing topic of discussion within the community. Glycerin shows promise in being and effective additive to the fracking solution while helping to lessen the residual chemical footprint of the process.
GLYCERIN SUPPLY AND REFINER CAPACITY
Benchmark currently acquires its supply of crude Glycerin from many of the nearly 60 biodiesel plants across the US, with orders for nearly 30 railcars per month moving to customers in the U.S. and Mexico
For the first quarter 2014, Benchmark projects it will ship 1 million gallons of Technical Grade Glycerin and intends to initiate Glycerin shipments to China, one of the largest users of Glycerin in the world. BenchMark continues to develop additional markets through partnership and research opportunities.
As of Nov. 2013, the Company had approximately 23.5 million common shares issued and outstanding, with a public float of around 1.1 million shares.
ABOUT BENCHMARK ENERGY CORPORATION
"BenchMark Energy Corporation (OTC Pink: BMRK) is the source for glycerin and related refined components, providing value through our industry knowledge." - Our mission statement starts the story, but the rest is available at http://benchmarkenergy.com.
SAFE HARBOR STATEMENT
The statements in this release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.