¢Æ¢Æ Oil-SC, Ltd. ¢Æ¢Æ
 
 
 
 
 
 
     
 
 
 
 
name: sunny
2008/3/25(È­)
SulphCo Announces the Shipment of 90,000 Bbl/Day of Sonocracking(TM) Capacity from Fujairah to Singapore  

HOUSTON, March 24 /PRNewswire-FirstCall/ -- SulphCo, Inc. (the "Company") (Amex: SUF - News) reported today that it has shipped Sonocracking(TM) units having a processing capacity of 90,000 Bbl/Day from Fujairah, UAE to Singapore. This follows the announcement last month of an order procured through Pt. Isis Megah ("Isis"), the exclusive distributor for the Company in the sales territories of India, Malaysia, Singapore and Indonesia, for Sonocracking(TM) units having a processing capacity of at least 30,000 Bbl/Day. The Company has no present plans to reposition the remaining 90,000 Bbl/Day of Sonocracking(TM) capacity located in Fujairah.

 

"The 30,000 Bbl/Day customer order is conditioned upon the execution of an operating agreement among the parties, the principal elements of which have already been negotiated," said Dr. Larry Ryan, CEO of the Company. He noted that, "Meetings are scheduled later this month and into the first part of next month, by which time we hope to have a signed operating agreement." The decision to reposition 60,000 Bbl/Day of Sonocracking(TM) capacity to the region, in addition to the 30,000 Bbl/Day of capacity shipped pursuant to the customer order, he said "was based not only on our belief in the strong potential for an expanded relationship with this customer, but also to allow us to strategically respond to future growth opportunities in this region."

Clay Chambers, COO of the Company, commented, "Overall, the synergies between this customer's needs and the Company's patented Sonocracking(TM) technology are extensive. Besides sulphur reduction," he said, "there is significant upside potential at the customer's refineries with respect to crude utilization rates, improvement in the quality of crude fraction streams and the ability to run lower grade crudes." Chambers added, "Once our initial 30,000 Bbl/Day unit is installed and performing properly, an expanded relationship with this customer is very likely to develop."

The Company will provide further progress reports as the installation and startup of this project moves forward.

 


                    ´äº¯/°ü·Ã ¾²±â Æû¸ÞÀÏ ¹ß¼Û ¼öÁ¤/»èÁ¦     ´ÙÀ½±Û    
nosubjectnamedate
105   SulphCo Announces the Shipment of 90,000 Bbl/Day o... sunny 2008/03/24
104   SulphCo to Ship Additional Sonocracking Capacity sunny 2008/03/13
103   SulphCo Announces Agreement with Pt. Isis Megah sunny 2008/02/11
102   SulphCo(R) Appoints Chief Operating Officer sunny 2008/02/08
101   SulphCo(R) Reports Test Results from Europe and Pr... sunny 2008/01/22

 
´ÙÀ½       ¸ñ·Ï ¾²±â