New Oil Technology in Fujairah SPARKS, Nev., Feb. 13 /PRNewswire-FirstCall/ -- SulphCo, Inc. SUF announced today that Fujairah Oil Technology, LLC announced on February 12, 2006 that it would further progress in the planning and execution of its project to implement SulphCo, Inc's patented Sonocracking(TM) technology. SulphCo has developed a patented safe and economic process employing high powered ultrasound to desulfurize and hydrogenate crude oil and other oil related products. The company's technology upgrades sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.
Meetings were held this week in Fujairah between the executive committee of Fujairah Oil Technology, management representatives of SulphCo Inc. and NTG, the German manufacturing company responsible for building the Soncracking equipment.
An international contractor with offices in Fujairah has been retained to finalize site engineering design and to construct building and associated infrastructure to house the Soncracking units. The permitting process has been initiated with the Federal Electricity and Water Authority which provided assurances that all necessary utilities will be installed on a timely basis.
Meetings were also held with Vopak Horizon Fujairah Limited to initiate planning for necessary storage and tanker off and on-loading capability. Vopak is the world's largest tank storage operator and manages the 9 million barrel terminal in Fujairah. Further arrangements have been made with an international firm to provide product metering and verification services.
Fuhariah Oil Technology and SulphCo management were received by H.H. Sheikh Hamad Al Sharqi, the ruler of Fujairah, to report on progress and to reaffirm mutual commitment to the successful and timely implementation of this important project.