name: sunny
2005/11/28
SulphCo Signs Memorandum Of Understanding With The Government Of Fajairah In The United Arab Emirates  

SPARKS, Nev., Nov. 28, 2005 – SulphCo, Inc. (AMEX: SUF) announced that it has signed a Memorandum of Understanding with the Government of Fujairah in the United Arab Emirates to form jointly a new company for the introduction and implementation of SulphCo¡¯s Sonocracking¢â ultrasound technology within the UAE.

The new entity will be 50% owned by the Government of Fujairah and 50% owned by SulphCo¡¯s wholly-owned subsidiary, SulphCo Saudi Arabia, Inc.  SulphCo will provide its patented ultrasound process and equipment, while the government company will purchase crude oil and then market the oil processed with SulphCo¡¯s technology.   The MOU specifies that the new entity must within a reasonable period secure a contract to process a minimum of 500,000 barrels per day of medium or heavy crude oil using the SulphCo technology.

SulphCo¡¯s high-powered ultrasound process increases gravity and reduces sulfur,  nitrogen and viscosity, producing more usable oil per barrel of crude.



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