Financing construction and production delayed
Based on the Cormark report :
- Feed study from Koch only expected by end Q1 2022
- FID and closing of debt and equity financing by completion of Feed study
- Texas facility construction to commence mid 2022
Counting 15 to 20 months from construction to production, the Texas facility will only be in production in 2024 , if everything is going according to plan.
Shareholder better adapt their expectations accordingly.
Johann Schoener