CALGARY, Dec. 14, 2012 /CNW/ - (Calgary) Petrosonic Energy, Inc. (OTCQB:
PSON) is pleased to announce that the Company has completed all the
infrastructure works including crude and solvent tanks, and completed
the shipment to site of most of the major pieces of plant equipment for
its first 1,000 barrels per day commercial plant.
In addition, the company is pleased to report that it has successfully
initiated the shipment to site of the emulsification plant from
California and plans to start up the emulsification of crude within
January 2013. This is a major milestone for Petrosonic as it will
enable the company to generate revenue within January 2013. The
company is discussing with several major reputable engineering
companies to complete the full engineering of the solvent recovery
process of its first commercial plant in order to further increase the
solvent recovery rate and processing capacity in order to reach better
economies of scale and profitability.
Art Agolli, Founder and CEO of Petrosonic says that "Petrosonic's
technology is a low cost solution to the diluent problem worldwide for
the oil industry and it can contribute immensely to the reduction of
environmental footprint associated with the need to build more
pipelines and having to transport asphalt all the way to refiners when
it can be separated economically at the wellhead and sold locally".
The company is pleased to report that it is receiving considerable
attention from the heavy oil producers, terminal operators and other
industry service providers about its technology and is having
discussions with several of them to apply its technology in their
The company believes that its technology can be used to reduce the
congestion of the pipelines that transport heavy crude significantly.
Currently the oil industry consumes a huge amount of diluent (a refined
hydrocarbon) to blend and move the crude via pipelines at huge costs.
In Alberta, Canada alone 1 barrel of diluent is used for every 2 barrel
of heavy crude that goes into the pipelines. The cost of diluent used
and recycled for such operation comes to $10-12 per barrel. The company
believes that its heavy oil upgrading technology can reduce
significantly or eliminate the use of diluent to transport the heavy
oil through the pipelines.
About Petrosonic Energy, Inc.
Petrosonic Energy, Inc. was established to deliver innovative
technologies to the energy sector. Our current primary focus is to
provide technologies that upgrade heavy oil economically and in an
environmental friendly manner. Our patented SonoprocessTM uses clean tech sonic energy to de-asphalt heavy oil at much smaller
scale and lower capital costs than conventional Upgraders and without
use of water or release of emissions in the atmosphere.
This news release contains "forward-looking statements" which are not
purely historical and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such forward-looking
statements include, among other things, the development, costs and
results of new business opportunities. Actual results could differ from
those projected in any forward-looking statements due to numerous
factors. Such factors include, among others, the inherent uncertainties
associated with new projects. These forward-looking statements are made
as of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans, expectations
and intentions contained in this press release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all of
the information set forth herein and should also refer to the risk
factors disclosure outlined in our annual report on Form 10-K for the
most recent fiscal year, our quarterly reports on Form 10-Q and other
periodic reports filed from time-to-time with the Securities and
SOURCE: Petrosonic Energy Inc.
For further information:
Petrosonic Investor Contact:
Art Agolli, CEO
Petrosonic Energy, Inc.