Founded in 2007, Emerging Fuels Technology (EFT) is a technology company leading the development and commercialization of advanced production methods for synthetic, lower-carbon, sustainable fuels and chemicals.
Our proprietary technology transforms carbon-rich feedstocks—such as natural gas, biogas, biomass, CO₂ from industrial processes and direct air capture, and bio-derived oils—into sustainable drop-in fuels and chemicals.
EFT Development Facility, Tulsa, Oklahoma
EFT is a recognized authority in Fischer-Tropsch (FT) synthesis, with additional expertise in upgrading technologies for fuel and chemical production.
The roots of Emerging Fuels Technology (EFT) trace
back to Syntroleum, a pioneering company in synthetic fuel production. EFT’s founders also led groundbreaking advancements at Syntroleum, playing a key role in the early development of Fischer-Tropsch fuel production in the United States.
At Syntroleum, our team:
Produced 300,000 gallons of synthetic fuel at a pilot FT facility near Tulsa, OK, for the U.S. Air Force (USAF) and Department of Energy (DOE).
Enabled the first military flight using synthetic fuel in a B-52 Stratofortress bomber in September 2006, operating on a 50/50 blend of synthetic and fossil jet fuel.
Laid groundwork for the approval of ASTM D7566 Annex A1 in 2009, allowing FT-derived synthetic fuels to be blended up to 50% with petroleum-based jet fuel.
Paved the way for the Power-to-Liquid (PtL) revolution—in 2021, EFT produced synthetic fuel for the USAF, using CO₂ and water-derived syngas, in collaboration with Twelve.
The pioneering work at Syntroleum®—now a registered trademark of Emerging Fuels Technology—set the foundation for EFT’s continued advancements in synthetic and sustainable fuel technologies.
Cherry Point, WA, Demonstration Plant
Catoosa, OK,
Demonstration Plant
Tulsa, OK, Laboratory
Kenneth Agee, Founder & President, formed Syntroleum Corporation in 1984, a publicly traded company where he held the position of CEO. There, he did extensive gas-to-liquids (GTL) development with several large oil companies between 1990 and 2007.
In 2007, he formed EFT, working to establish a leading contract research and technology licensing business while developing novel approaches to Fischer-Tropsch catalysis, reactor design, process integration, and product upgrading for significantly reducing the construction and operating costs of small, modular plants.
Mr. Agee holds a degree in Chemical Engineering from Oklahoma State University and is listed on 26 issued U.S. patents and 3 pending patents.
Mark Agee, VP of Business Development, has spent his entire career growing technology companies from startup to IPO, two of which have gone public.
Mr. Agee is one of the original investors in Syntroleum Corporation and joined the company in 1994 as VP of Finance, later serving as President/COO. There, he negotiated several partnerships, joint R&D agreements, and license agreements with 7 international oil companies, also leading its public offering in 2000.
Since 2010, he has focused on business development, strategy, and licensing at EFT. He holds a Chemical Engineering degree from the University of Tulsa and is listed on 10 issued U.S. patents in synthetic and renewable fuels.
David Lloyd, Chief Commercial Officer, brings 25+ years of experience in aviation strategy, SAF innovation, and commercial scale-ups.
Previously, as Head of Strategy at Qantas, he authored Australia’s Power-to-Liquid SAF roadmap. In another airline role, he designed a loyalty business that sold for AUD 2.5 billion, launched a new subsidiary airline, and led multi-billion-dollar fleet investment initiatives.
At EFT, he leads the commercial deployment of our Technology Platform, driving modular SAF production to meet growing global demand.
Mr. Lloyd holds an MBA with distinction from INSEAD and a degree in Mathematics from the Australian National University.
Ed Holcomb, Chief Accounting Officer, has eight years of public accounting and 31 years of corporate finance expertise. He has held positions of VP of Finance, Chief Accounting Officer, and Controller prior to joining EFT and has over 10 years of experience with directing the SEC reporting at Docucorp International, EXE Technologies, and Memorex Telex.
Mr. Holcomb is a CPA, and holds a BSBA degree in Accounting from the University of Tulsa.
Ronnie Young, Lab Manager, with a background in oil and gas production and farming/ranching, joined Syntroleum Corporation as a supervisory chemist after graduate school and later transitioned to EFT.
At EFT, he directs lab operations, from small-scale processes to various pilot plant reactor designs and capabilities. He has improved Fischer-Tropsch catalyst formulation, preparation, and characterization to support two commercial catalyst manufacturers, and effort that led to standardized production methods and the production of over 150 MT of the EFT proprietary TL-8 catalyst for our licensees.
He holds an MS degree in Chemistry from the University of Oklahoma.
James W. Engman, Technical Services Manager, has 20+ years of experience working in laboratories, managing the catalyst development laboratory for both Syntroleum and EFT. Prior to his work in the Fischer-Tropsch world, he was the Laboratory Director for National Analytical Laboratories, an environmental testing service laboratory.
At EFT, he’s provided technical support for both our Fischer-Tropsch reactor and catalyst development and our extensive hydro-processing development. This includes creating catalyst and process parameters for producing jet, diesel, solvents, and base oils.
Mr. Engman holds a BS in Biochemistry from the University of Minnesota and an MS in Chemistry from St. Mary’s University of Texas.
Kenneth Agee, Founder & President, formed Syntroleum Corporation in 1984, a publicly traded company where he held the position of CEO. There, he did extensive gas-to-liquids (GTL) development with several large oil companies between 1990 and 2007.
In 2007, he formed EFT, working to establish a leading contract research and technology licensing business while developing novel approaches to Fischer-Tropsch catalysis, reactor design, process integration, and product upgrading for significantly reducing the construction and operating costs of small, modular plants.
Mr. Agee holds a degree in Chemical Engineering from Oklahoma State University and is listed on 26 issued U.S. patents and 3 pending patents.
Hyleme George, Vice President, M&A and Strategic Partnerships at Black & Veatch, leads the M&A and Strategic Partnerships team in Black & Veatch’s Enterprise Evolution organization supporting growth and strategy execution through merger, acquisition, divestiture, and partnering activities in line with the company’s active portfolio management. Prior to Black & Veatch, Hyleme held leadership positions in financial services (Capital One, UMB Bank), industrial equipment (Caterpillar), and management consulting (Accenture). He is a Lean Six Sigma Master Black Belt and holds a Bachelor in Business Administration from the University of Kansas.
Ed Holcomb, Chief Accounting Officer, has eight years of public accounting and 31 years of corporate finance expertise. He has held positions of VP of Finance, Chief Accounting Officer, and Controller prior to joining EFT and has over 10 years of experience with directing the SEC reporting at Docucorp International, EXE Technologies, and Memorex Telex.
Mr. Holcomb is a CPA, and holds a BSBA degree in Accounting from the University of Tulsa.
Terry Ingle, President & Co-Owner of Mingo Manufacturing, Inc., worked for Cities Service for two years as a Project Engineer, followed by one year in the same role at CE Crest Engineering.
In 1981, he co-founded Mingo Manufacturing Inc. with three partners. The company is a privately owned Engineering and Machine Shop business that has evolved to design and machine specialty parts for the oil and gas industry. Its product portfolio includes patented downhole gas separators, surface pumping systems, adaptor kits and couplings, and various other downhole equipment. Mingo currently employs 85 people and serves customers across the U.S., the U.K., the Middle East, and South America.
In 2005, Mr. Ingle also helped launch a sister company, Mingo Aerospace LLC, which specialized in cargo loading systems, thermal spray, and roller assembly repairs. The company was spun off in a sale in 2016.
Mr. Ingle holds a B.S. in Mechanical Engineering from Oklahoma State University.
Jon Morgan, Chief Operating Officer at Jay-Bee Oil & Gas, has 13+ years of experience leading operations and product teams globally across numerous industries. Before Jay-Bee, he was a Product Manager at Google, launching cybersecurity, hardware, and health products to billions of users.
Leveraging this tech background, he has established himself as a transition energy expert, serving on multiple boards, including
companies focused on renewable operations (Clean Energy Services) and foundational tech (EFT). He has also brought his tech-forward mindset to the traditional energy industry, serving on the Gas & Oil Association of WV (GOWV) Board.
Ray Witten, President & Co-Owner of Mingo Manufacturing, Inc., Founded in 1981 in Owasso, Oklahoma, Mingo Manufacturing focused on the design and manufacturing of downhole submersible and surface-mounted oil pumping equipment. He holds a BS degree in Mechanical Engineering Design Technology from Oklahoma State University.
