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GK Resources ( (TSE:ESAF) ) just unveiled an update.
Syntholene Energy Corp has begun trading on the Frankfurt Stock Exchange under the symbol 3DD0, becoming the first publicly listed pure-play synthetic fuel company on a European exchange, in a move designed to broaden its European investor base and align its capital markets presence with the EU’s fast-growing eSAF and eFuel markets. By securing a co-listing in one of Europe’s largest and most liquid exchanges while maintaining its primary TSX Venture listing, Syntholene is positioning itself to capitalize on the EU’s ReFuelEU Aviation Regulation and generous eSAF subsidies, which together create a large, mandated and subsidized demand framework for clean jet fuel and could materially support the company’s growth, financing options and strategic engagement with European stakeholders in the sustainable aviation fuel supply chain.
More about GK Resources
Syntholene Energy Corp is a synthetic fuel (eFuel) developer focused on producing ultra-pure, carbon‑neutral synthetic jet fuel using its proprietary Hybrid Thermal Production System and power-to-liquid strategy, aiming to cut production costs by about 70% versus competing technologies. The company targets the rapidly expanding sustainable aviation fuel (SAF) and eSAF markets, particularly in jurisdictions with strong decarbonization mandates such as the European Union, and is advancing a modular, scalable production platform supported by 20MW of dedicated energy for an upcoming demonstration facility and commercial scale-up.
Average Trading Volume: 152,879
Technical Sentiment Signal: Sell
Current Market Cap: C$11.67M
Learn more about ESAF stock on TipRanks’ Stock Analysis page.