CW Petroleum
Regulation Crowdfunding offering on GrowthFountain Capital LLC
$1,800
of $1M goal
0.2% funded
About the offering
CW was founded as a Texas corporation by Christopher Williams and began operations in 2011. It reincorporated in Wyoming as a C corporation in April 2018. CW supplies and distributes Biodiesel, Biodiesel Blends, Ultra Low Sulfur Diesel and Gasoline Blends to distributors and end-users. The company has an EPA Refiners License to create its own proprietary gasoline blends based on Isobutanol as a replacement for Ethanol now used in most of the largest metropolitan areas of the US. This market for Isobutanol/Gasoline blends alone is in excess of $1 billion per year. The company’s sales have averaged $3-5 million since 2011, however, because of the doubling of the cost of product over the past 2 years, it is unable to increase its sales due to lack of working capital to purchase product inventory. Because it has its own trucking operation and has been approved to ship on various pipelines, it has the ability to sell large volumes of product. With increased working capital of $2-4 million it could quickly increase sales to over $20 million per year. The company has a plan to utilize its transportation and its high margin gasoline blending capabilities to enter into the acquisition of convenience stores where it can capture much higher retail margins on its products.
FAQ
How much has CW Petroleum raised?
CW Petroleum has raised $1,800 of a $1M goal.
Where is CW Petroleum's campaign listed?
The offering is listed on GrowthFountain Capital LLC, an SEC-registered Reg CF intermediary.
What are the terms of CW Petroleum's raise?
Common Stock, $11.45M cap, $1.00/share.
When does CW Petroleum's offering close?
The stated close date is Nov 12, 2018.
