Short and Sweet
Non-conventional oil company exploiting known chemistry and proprietary process to transform renewable biomass or lignite coal to crude.
Alternative Energy, Clean Tech
Jobs to Be Created
Why You Should Care
Steeper Energy is an unconventional oil company using proprietary technology to transform low value biomass (forestry or agriculture) as well as immature fossil resources such as lignite coal into a base oil that is easily handled by existing petroleum infrastructure. New equity (debt) matched by government grants will fund commercial demonstration, company expansion, and business development including commercial projects with strategic partners.
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The general announcement does not constitute an offer to sell, nor a solicitation of an offer to buy, the securities that may be described in this announcement. Such an offer can be made only by means of a prospectus, offering memorandum, subscription document, or other offering documents.