SulphCo(R) Reports Test Results from Europe and Provides Updates on Company Activities
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SulphCo(R) Reports Test Results from Europe and Provides Updates on Company
Activities
HOUSTON, Jan. 22 /PRNewswire-FirstCall/ -- Today SulphCo(R), Inc.
(Amex: SUF) (the "Company") reported results from the first and second rounds
of testing in Europe conducted during the months of October and November 2007.
Trial runs commenced on October 30, 2007 running a heavy, sweet crude (15-16
degree API gravity and sulphur content 0.21% by weight) through a 5,000 bpd
skid. Two sets of testing programs were completed with minimal operating
issues and the appropriate analyses have now been completed.
The first series of runs produced an API gravity increase of one half of
one degree and a 10% viscosity improvement, while the second set, conducted
four weeks later and utilizing different test conditions, generated API
gravity shifts of up to 2 degrees and viscosity improvements of 10%. Changes
also were observed in the distillation curves, showing a positive shift of the
high boiling point fractions to lower boiling point fractions, warranting
further testing and analysis. Due to the insignificant amount of sulphur by
content in the raw crude oil, a change was neither expected nor was it
observed in the treated oil samples. The Company expects further testing to
resume in Europe within the next several weeks, depending upon the timing of
other Company initiatives.
"These results are in line with what we would expect from a low sulphur
content crude and also show the need to continue to fine-tune the processing
window to optimize the process for a given quality of crude," said Dr. Larry
Ryan, the CEO of SulphCo(R). Dr. Ryan further added, "Public disclosure of
these results was delayed for more than a month due to inconsistencies in
reported measurement values between two different testing laboratories. The
results reported today resolve those inconsistencies."
The Company also provided updates on several ongoing programs and
commercial activities, including the test program in Fujairah, the South
Korean project, progress on the laboratory scale and mobile units in Houston
and ongoing commercial efforts.
Regarding the test program in Fujairah, Dr. Ryan commented, "We are in the
process of obtaining crude oil for testing in Fujairah from two potential
customers in the Middle East, each of whom utilizes the crude in their own
processes. We expect the testing to take place in the middle of February. Our
goal is to produce large scale results consistent with our earlier test
results, allowing us to potentially move forward to commercial agreements with
these customers."
Regarding the project in South Korea, over the past few weeks, several
necessary pieces of equipment have been ordered and shipped to the facility in
South Korea in preparation for trials in early February. Amongst the
equipment delivered were the new ISM ultrasonic probe and recently developed
control unit, which should allow for precise measurement and understanding of
the probe operation during the upcoming tests. Although this program was
delayed for several reasons, including the need to assure protection of our
intellectual property and the recently licensed ISM technology, we are now
ready to proceed with the testing of Khafji crude (~3% sulphur by content)
within the next few weeks.
In Houston, SulphCo(R) engineers have spent the last several weeks
modifying and implementing a reduced scale laboratory version of our 5,000 bpd
prototype commercial scale Sonocracker(TM), which allows for testing trials
with flow rates as low as 1 gallon per minute. "This equipment, in
conjunction with our new mobile 5,000 bpd skid, should allow us to develop the
processing windows for a range of crude qualities. We have begun lab testing
and expect the mobile unit to be operational shortly," said Dr. Ryan.
With respect to the Company's ongoing commercial efforts, the Company
reported that the interest level in the Sonocracking(TM) process remains high
as potential customers see the value that can be driven by the technology. As
the Company moves from a testing phase to an application phase, Dr Ryan noted
that, "we are experiencing the routine issues that arise in adapting our
technology to the unique requirements of a customer installation. We are
pursuing what we believe are the best opportunities for the technology (i.e.,
crudes with high sulphur content) and are working with several customers to
achieve that goal. Our efforts continue to be focused on obtaining the first,
critical commercial installation of the Sonocracking(TM) process."
About SulphCo(R), Inc.
SulphCo(R) has developed a patented safe and economic process employing
ultrasound technology to desulfurize and hydrogenate crude oil and other oil
related products. The Company's technology is designed to upgrade sour heavy
crude oils into sweeter, lighter crude oils, producing more gallons of usable
oil per barrel.
From time to time, the Company may issue forward-looking statements, which
involve risks and uncertainties. This statement may contain forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
actual results could differ and any forward-looking statements should be
considered accordingly.
SOURCE SulphCo(R), Inc.
Adam Mazur of Rubenstein PR, +1-212-843-8073, amazur@rubensteinpr.com, or Tim
Clemensen of Rubenstein IR, +1-212-843-9337, tclemensen@rubensteinir.com, both
for SulphCo(R), Inc.
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