American EcoFuels pursues SAF pivot via gas-to-liquids tie-up
Eco Innovation Group (OTC: ECOX), which is rebranding to American EcoFuels, has issued a corporate update outlining its transition toward becoming a publicly traded sustainable fuel platform. The strategy centres on gas-to-liquids (GTL) technology licensed through a transaction with Kepler GTL Technologies, with sustainable aviation fuel (SAF) positioned as the primary commercial target.
The update is heavy on process milestones and light on commercial specifics. The company has completed a name change at Nevada state level and is working through a FINRA corporate action to adopt the trading symbol AEFI. It has also engaged a listing adviser for a proposed dual listing on the Frankfurt Stock Exchange, intends to re-domicile from Nevada to Texas, and is completing a PCAOB audit as a precondition to filing a Form 10 registration statement with the US Securities and Exchange Commission.
Balance sheet and corporate restructuring
Since the start of 2026, the company says it has restructured approximately $1 million in legacy convertible promissory notes and negotiated debt settlements to simplify its capital structure. No audited financials, no production capacity figures, and no signed commercial agreements were disclosed in the release.
Richard Hawkins, chief executive of the company, said: "Building a credible public company platform in this sector requires more than technology. It requires disciplined balance sheet improvement, transparent reporting, the optimum corporate structure, and strategic market access."
Brent Nelson, chief executive of Kepler GTL Technologies and incoming executive chairman of American EcoFuels, separately noted alignment between energy security themes and demand for domestic aviation fuel, citing engagements in Washington with the United States Energy Association and the Association of Defense Communities.
Market context
SAF is produced from non-fossil feedstocks, including waste oils, agricultural residues, and, in the GTL pathway, from natural gas or other gaseous feedstocks via Fischer-Tropsch synthesis. It is certified as a drop-in replacement for conventional jet fuel and is widely cited as one of the few near-term decarbonisation levers for commercial aviation, which accounts for roughly 2-3% of global CO2 emissions.
The supply gap is real. The International Air Transport Association and other industry bodies project that SAF accounts for well under 1% of global jet fuel consumption today, against mandates and airline pledges that imply a dramatic ramp-up over the next decade. The EU's ReFuelEU Aviation regulation and the US 45Z clean fuel production tax credit under the Inflation Reduction Act are the primary policy levers shaping investment economics. Several well-capitalised developers, including those backed by major airlines and energy majors, are competing for early commercial scale.
American EcoFuels sits at the very early stage of this landscape. The Kepler GTL transaction has not reached a definitive agreement as of this release, and no deployment site, production capacity, feedstock supply, or offtake agreement has been named. The company's OTC listing, sub-$1 million debt restructuring, and pending SEC registration place it firmly in the pre-commercial category.
What to watch
The milestones that would signal genuine commercial progress include: completion of the Kepler GTL transaction on disclosed terms, publication of audited financials via the Form 10 filing, a named pilot or demonstration site with confirmed capacity, and a signed SAF offtake agreement with a named airline or fuel buyer. The Frankfurt dual listing, if completed, would broaden the investor base but does not advance the technology or commercial position on its own.
Until those markers are reached, the release represents a corporate-structuring update rather than a market event in the SAF sector.