|June 10, 2013|
Petrosonic Energy, Inc. Announces Completion of Emulsification Plant and Start of Revenue Generation
|Calgary, AB - Petrosonic Energy, Inc. (OTCQB: PSON), an emerging leader in heavy oil upgrading and related technologies, announced today 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 SonoprocessTM and their completion and operation is also an important step forward."
In addition, the Company is pleased to announce that it has completed several major components of the de-asphalting SonoprocessTM 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 an 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."
About Petrosonic Energy, Inc.
Petrosonic Energy, Inc. is in business to deliver innovative technologies to the energy sector. The primary focus is to provide technologies, which upgrade heavy oil economically and in an environmentally friendly manner. The Company's patented Sonoprocess(tm) uses cleantech sonic energy to de-asphalt heavy oil at much smaller scale and lower capital costs than conventional upgraders and without the use of water or release of emissions in the atmosphere.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
You can view the Next News Releases item: Mon Jul 15, 2013, Petrosonic Energy, Inc. Announces New Agreement
You can view the Previous News Releases item: Tue May 21, 2013, Petrosonic Energy, Inc. Announces 10 New Patents Filed
You can return to the main News Releases page, or press the Back button on your browser.