Axial Vector Energy Retains Muse Stancil for Independent Commercialization Report on Sulphur Removal and Heavy Oil Upgrade License Values for Its Joint Venture Company PETRO AVEC
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DUBAI, United Arab Emirates--(Business Wire)--
Axial Vector Energy Corporation ("AVEC") (Pink Sheets:AXVC) (Frankfurt:BAE1)
announced today that it has retained Muse Stancil (www.musestancil.com) to
independently evaluate the most effective commercialization model for its
Oxidating Desulphurization and Heavy Crude Oil Upgrading technology contained in
its Joint Venture "PETRO AVEC" (www.petroavec.com). The engagement also involves
business strategy and commercial development to maximize the deployment of this
important breakthrough technology.
Intellectual property patents are now in place throughout the world protecting
PETRO AVEC's technology for removing sulfur and nitrogen, with or without an
aqueous phase, with or without an oxidizing agent and with or without frequency
limitations on the sonic equipment at the wellhead, along a pipeline or in a
refinery. The process uses high power sonic energy in a moderate temperature,
atmospheric pressure environment to reduce sulfur, nitrogen, and trace metals in
petroleum while also reducing oil density. The process increases API (American
Petroleum Institute) gravity (least specific gravity = highest API gravity) and
volume. Sour (greater than 1/2 percent by weight sulfur) crude is rendered less
sour, more useable product is extracted from a 42 gallon barrel of oil, and the
volume of treated crude oil expands. The process is fully supported by highly
affordable, reliable, available, durable, computerized commercial off the shelf
equipment from Germany.
Patents covering 42 countries represent 55.7% of all crude oil production, 30%
of world crude oil reserves, and 40% of the world's refining capacity. Over
1,500 claims remain pending around the world.
AVEC Chairman Mr. Ahmed Khalifa stated, "Muse Stancil is the number one source
of validated information to the refinery industry and we look forward to their
Global assistance in rapid deployment of PETRO AVEC technology."
About PETRO AVEC
PETRO AVEC is a joint venture between AVEC and Petrosonics LLC to develop;
finance and market Petrosonics sulfur removal technology globally. The joint
venture is owned 60% by Petrosonics LLC and 40% by AVEC.
About Petrosonics, LLC
Petrosonics, LLC is a privately held, U.S. based oil refining and production
technology company. Petrosonics' patented products and services utilize high
power ultrasound energy in order to reduce sulfur, nitrogen, and trace metals in
refinery intermediates and product streams. Intermediates and product streams
receiving the Petrosonics treatment show reductions in oil density and
viscosity, reduced hydrogen use/loss, and increases in API specific gravity and
volume. The proprietary Petrosonics technology has additional application in
treating and/or pretreating sour crude oils. Petrosonics was formed in 2001 by
Mark Cullen, M.D. Dr. Cullen was previously the President and CEO of SulphCo
(AMEX SUF). Today, Petrosonics has acquired and continues to expand its patent
portfolio for all of the significant intellectual property associated with
ultrasound assisted oxidative desulphurization of oil fractions and the upgrade
and desulphurization of crude oil.
About Axial Vector Energy Corporation
Axial Vector Energy Corporation (AVEC) is a global solutions provider that owns,
develops, invest in and licenses revolutionary technologies including, internal
combustion engine and electric power generator technologies that have unlimited
potential in military, industrial and commercial applications. AVEC and its
partners are positioned to become unrivalled leaders in international engine and
energy markets with technologies that produce more efficient, cost effective,
environmentally sensitive and versatile solutions for use in a wide variety of
important applications around the world.
Jebel Ali Free Zone
LOB21- F07
Dubai, United Arab Emirates
www.axialvectorenergy.com
or
Redwood Consultants, LLC
Investor Contact:
Jens Dalsgaard, 415-884-0348
or
Axial Vector Energy Corporation
971-4-887-5351
inquiry@axialvectorenergy.com
Copyright Business Wire 2009
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