AUSTIN, Texas, Jan. 14 /CNW/ - CrystaTech announced today that it has
executed a multi-year agreement with GTC Technology Inc. ("GTC") for the
development and deployment of advanced eco-friendly energy technologies in
China, Russia and India.
Under the terms of the agreement, CrystaTech and GTC will cooperate in
the development and deployment of a Mobile Sulfur Recovery Unit ("Mobile
SRU"). The volumetric flow of sour gas wells can be safely tested using this
breakthrough Mobile SRU process technology. The Mobile SRU Unit can be
integrated with CrystaSulf, the company's hydrogen sulfide removal product,
thus further expanding the market reach of that product.
The agreement further provides for the deployment of CrystaTech's suite
of sour gas processing treating technologies in China, Russia and India by
"The GTC alliance will allow CrystaTech to enter into the Asian energy
sector with the leadership, technology transfer experience and engineering
capability of GTC. The Asian market represents a significant opportunity for
the development and deployment of eco-friendly energy technologies. GTC's
experience with major Asian energy companies will allow for secure technology
transfer of CrystaTech's products in the sour gas processing sector," said
Eric Klasson, President and CEO of CrystaTech.
"GTC chose to collaborate with CrystaTech because of their unique
technology portfolio. This partnership will provide GTC with an expanded
offering for sulfur removal in gas streams. By working with CrystaTech we will
be able to deliver greater value to existing clients and offer the latest
cutting edge eco-friendly technology. We look forward to a successful
partnership," said Pinti Wang, President and CEO of GTC Technology.
CrystaTech develops eco-friendly technology for the energy sector.
CrystaTech is a leading expert in the field of sulfur removal and recovery.
For over twenty years, CrystaTech has partnered with the U.S. Department of
Energy, Gas Technology Institute, Electric Power Research Institute, National
Energy Technology Laboratory, and the energy sector worldwide to develop
solutions for complex sour gas production, processing, and treating issues.
GTC Technology is an independent, management-owned technology licensor.
Operating worldwide, GTC provides proprietary licensed technology,
engineering, separation equipment and technology to chemical, petrochemical,
refining and gas processing markets. GTC markets a variety of proprietary
licensed technologies, including GT-BTX(R), process technology for aromatics
recovery and purification, CrystPXSM, process technology for paraxylene
production, GT-BTX PluS(SM), aromatics recovery plus sulfur reduction from
refinery cracked stocks and GT-Styrene(R), process technology for styrene
For further information:
For further information: Eric Klasson, CrystaTech CEO, (512) 784-9649,
firstname.lastname@example.org; Web Site: http://www.crystatech.com,