SulphCo Place Order with MäRKISCHES WERK For Ultrasonic Equipment to Install in UAE SPARKS, Nev., Feb. 2, 2006 – SulphCo, Inc. (AMEX: SUF) announced that the company had placed an order with its equipment manufacturing partner Märkisches Werk GmbH (MWH) for the manufacture of 60 ultrasonic probes. A major component of SulphCo¡¯s Sonocracking¢â units, the equipment will be used in the assembly and installation of SulphCo¡¯s ultrasound processing plant for Fujairah Oil Technology, LLC, SulphCo¡¯s joint venture company in the United Arab Emirates.
¡°We are thrilled about this first commercial order. Not only does it represent good business for us, more importantly it represents a level of acceptance of this new technology,¡± said Edward Urquhart, managing director of Märkisches Werk. ¡°This signal is the first step in the process of transforming SulphCo¡¯s technology from prototype to commercial status. We at MWH will continue to do everything possible from the manufacturing side to assist SulphCo in their efforts to commercialize Sonocracking.¡±
According to Peter Gunnerman, SulphCo president, the company anticipates that the plant, with seven ultrasound units capable of processing a total 210,000 barrels of oil a day, will be operational by the end of June. SulphCo¡¯s high-powered ultrasound process upgrades heavy sour crude oils into lighter sweeter crudes by increasing gravity and reducing sulfur, nitrogen and viscosity.
¡°Tests show that Sonocracking reduces sulfur by 30 to 50 percent, depending on the grade of crude processed. Refiners can realize additional revenues with the efficiencies produced by our technology. Compared to the conventional hydrodesulfurization process (HDS), the capital cost of the ultrasound plant and equipment is extremely low, with a rapid return on investment,¡± Gunnerman said.
Gunnerman said SulphCo¡¯s ultrasound plant in Fujairah will have a per barrel throughput cost of between $0.18 and $0.20 per barrel. The capital cost and production costs are fractions of current refinery equipment, he said.