FWLD forgot to post this news yesterday:
SulphCo., Sinclair Oil Announce Major Refining Breakthrough
RENO, Nev., March 21 /PRNewswire/ -- A process for significantly cutting refining costs while increasing the amount of
high-grade diesel fuel that can be produced from a barrel of oil was announced today by SulphCo. Inc., a desulfurization
technology company.
The company made the announcement after receiving results of laboratory testing by Sinclair Oil Corporation confirming
SulphCo.'s process for extracting sulfur from petroleum products also alleviates the need for later stages of refining to produce
high-quality diesel fuel. In addition, the amount of diesel fuel that can be produced from a barrel of oil is increased.
``This means that refiners will be able to produce more low-sulfur, high-grade diesel fuel at a lower cost then they are able to
now,'' said Dr. Mark Cullen, president of SulphCo. ``It is a breakthrough that could revolutionize the refining industry, allowing for
the production of less expensive, cleaner diesel fuels.''
Typically, refiners must process lighter distillates drawn from the first crude oil distilling tower through several more hydrotreating
processes to produce high-grade diesel fuel meeting emissions and performance standards. Employing the SulphCo. technology at
the first distilling process, refiners will be able to produce commercial quality diesel fuel without the expensive hydrotreating
processes.
The SulphCo. process also increases the volume of diesel fuel produced from the same amount of oil, while removing more than
99% of the sulfur from the base petroleum stock used to make diesel fuel.
Sinclair Oil and the Bechtel Corporation are in the process of designing the first commercial unit employing the SulphCo.
technology, with a prototype expected in 90-120 days.
``Given today's energy prices and the demand for cleaner fuels, we are excited to be able to offer the refining industry a
technology that dramatically reduces their productions costs while lowering sulfur dioxide (SO2) emissions to below the strict 15
ppm federal standard,'' Dr. Cullen said. ``Ultimately, the consumer should benefit from lower costs and cleaner air.''
SulphCo.'s technology consists of a self-contained, skid-mounted petroleum desulfurization unit that removes organic sulfur from
crude oils, gas oils, gasoline, diesel fuel, and fuel oils. SulphCo. and Bechtel had a joint presentation on the technology at the
National Petrochemical Refiners annual meeting in New Orleans on March 20th.
SulphCo. is a wholly owned subsidiary of FilmWorld, Inc. and is traded on the NASDAQ B.B. under the symbol (FWLD).
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 amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results
could differ and any forward-looking statements should be considered accordingly.
For more information contact: Public Relations, Eleanor Muth, at 1-866-590-1311.
SOURCE: SulphCo. Inc. |
