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Environmental Oil Processing Technology Corp. Completes Preliminary Engineering for Waste-Oil Processing Plants in Reno.



Business Editors

Company Moves Forward On 30 Million-Gallon Processing Facility

Environmental Oil Processing Technology Corp. (the "corporation") (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
:EVOP EVOP Evolutionary Operation
EVOP Evolutionary Optimization
) today announced that Redd Engineering and Construction Inc. (RCI RCI Royal Caribbean International
RCI Radio Canada International
RCI Rehabilitation Council of India
RCI Residential Communities Initiative
RCI Roof Consultants Institute
RCI Remote Control Interface
RCI Residential, Commercial, Industrial
; Salt Lake City), under contract to the company, has completed the preliminary engineering for the process plants to be constructed at its Reno, Nev. site.

Rough grading drawings are completed, and the company will let the grading contract as soon as the financing package and the required permits are obtained, estimated within the next 60 days.

With a rated output of 30 million gallons, the Reno plants will incorporate improved process technology developed by RCI, including an Emerson Process Management Delta V control system, similar to the Nampa plant. This is an integrated process control system with a single database.

Incorporating the latest digital buss technology, the Emerson Delta V system enables instrument configuration and diagnostics, as well as digital communication with field instrumentation and third-party software. In addition to simplifying configuration modifications, the system also includes automatic loop tuning.

The Reno facilities will also feature Emerson's Fisher division transmitters and other instruments provided by Emerson's Rosemount division.

"Our alliance with Emerson continues to be a very positive one, and we are delighted with Emerson's ability to provide top-grade equipment at favorable cost," said Tod Tripple, president and chief executive officer of EVOP.

Assuming adherence to the company's current construction schedule, the Reno facilities, which will include two process plants, truck and rail loading and unloading Unloading

Selling securities or commodities whose prices are dropping to minimize loss.
 racks, water treatment plant, trans-mix process plant, shops, administrative and ancillary buildings, are expected to be ready for final testing and to commence operations during the fourth quarter of 2003.

Environmental Oil Processing Technology Corp., with its headquarters in Nampa, has developed a process and facilities, which minimize waste oil disposal, as it is known today. The company's plant utilizes proven technology to convert waste oil into environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1]  products such as naphtha naphtha (năp`thə, năf`–), term usually restricted to a class of colorless, volatile, flammable liquid hydrocarbon mixtures.  (gasoline), #2 diesel, residuum That which remains after any process of separation or deduction; a balance; that which remains of a decedent's estate after debts have been paid and gifts deducted. , burner fuel and cogeneration.

For more information and a photo update, visit the company's Web site at www.environmentaloil.com.

NOTE: Statements in this release that are not strictly historical are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
. The company makes these statements based on information available to it as of the date of this news release and it assumes no responsibility to update or revise such forward-looking statements.

Editors and investors are cautioned that such forward-looking statements involve risk and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 17, 2002
Words:412
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