Printer Friendly

Petrosonic announces completion of the emulsification processing plant in Albania.

Petrosonic announced yesterday the completion of the emulsification processing plant in Albania and start of the heavy crude emulsion process."We are very pleased to achieve this major milestone for Petrosonic shareholders," announced Art Agolli, CEO of Petrosonic. "The start of the heavy crude emulsion process demonstrates our ability to generate revenue from our technologies and to complete our projects on time. In addition, most of the infrastructure used for the emulsion process is the same that will be used for our de-asphalting Sonoprocess™ and their completion and operation is also an important step forward."In addition, the Company announced that it has completed several major components of the de-asphalting Sonoprocess™ line located within the same facility as emulsion plant. The company has completed the liquefied natural gas heating system, the anti-fire system, the loading and unloading systems and the major infrastructure lines. The Company continues to make progress with the engineering and completion of the solvent recovery system that is being done by Gas Liquid Engineering of Calgary, Canada and that part should be completed by 3rd Quarter of 2013."2013 is going to be a pivotal year for Petrosonic," added Art Agolli, "as we complete our de-asphalting Sonoprocess plant, consolidate and increase our IP portfolio and commercialize our heavy oil technologies further." Petrosonic
COPYRIGHT 2013 Balkan Business News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Publication:Balkan Business News
Date:Jun 11, 2013
Words:217
Previous Article:Turkey's TPAO is confident that off-shore exploration operations in the Black Sea will pay-off with new partnerships.
Next Article:Bulgarian export has once again returned to its high growth.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters