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CyberFuels Announces That It Has Received a Non-Binding Indicative Offer From Mabanaft for a Joint Venture in CyberFuels' Planned "Port Tampa Energy" Terminal
CyberFuels Announces That It Has Received a Non-Binding Indicative Offer From Mabanaft for a Joint Venture in CyberFuels' Planned "Port Tampa Energy" Terminal.
About this update from Cyberfuels Holding Company Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n CyberFuels Announces That It Has Received a Non-Binding Indicative Offer From Mabanaft for a Joint Venture in CyberFuels' Planned \"Port Tampa Energy\" Terminal\r\n \r\n \r\n\r\n\r\nCyberFuels Announces That It Has Received a Non-Binding Indicative Offer From Mabanaft for a Joint Venture in CyberFuels' Planned \"Port Tampa Energy\" Terminal\r\n\r\n\r\n\r\n\r\n\r\nPALM BEACH GARDENS, FLORIDA / ACCESS Newswire / May 8, 2025 / CyberFuels Holding Company, Inc. (OTC PINK:CBRF) (\"the Company\") is pleased to announce that CyberFuels, Inc., a wholly-owned subsidiary of the Company, (\"CyberFuels\") has received a non-binding indicative offer from Mabanaft GmbH & Co. KG (‘Mabanaft\"), a global energy company, to potentially purchase a minority interest in a planned future joint venture between at least CyberFuels and Mabanaft or an affiliate company. As part of the minority interest, CyberFuel's \"Port Tampa Energy\" terminal could be jointly operated. The terminal will be located in Tampa, Florida. This indicative offer is contingent on certain Conditions Precedent, which CyberFuels believes it either currently meets or expects to meet and remains subject to obtaining all necessary regulatory and management approvals.\r\n The Company closed on the purchase of its newly founded \"Port Tampa Energy\" terminal on December 29, 2023. It announced on June 24, 2024 that it expected to enter into a joint venture agreement with a third party that could enhance the business opportunities of its new terminal. It is the Company's intention that Mabanaft, as a potential future partner in its project, will be able to use its worldwide network and energy expertise to support the Tampa regional market by providing fuels to the growing local economy of West Florida.\r\n Ronald Mills, Sr., CEO of the Company stated \"that everyone at CyberFuels is very pleased that Mabanaft continues to express an ongoing interest in becoming CyberFuels' potential JV Partner in its 'Port Tampa Energy' terminal. Both of our companies share a similar vision of tomorrow's energy solutions that will create a more sustainable world and a brighter future for generations to come.\"\r\n \"Our proposed minority interest in CyberFuels' 'Port Tampa Energy' terminal is a natural fit with our strategy to drive the energy transition through smart infras...