No Ron I am not the Peter Meyer as mentioned in the news
release as mentioned below..Purley coincidental. However
speaking for myself It's nice to see my name in lights. Having said
that I want to convey to you that the refinery is up and running and
that we, as stock holders will soon begin to see the benefits. I
believe that in the next month that we will see a lot of interest in the
refinery from both north and south America. The people lining up
are both investment potential an and major companies that have
direct interest in purchasing multi units. If close to Toronto I urge you to
attend their information seminar on the Micro Refinery. This will be held
on Feb. 10 Th. 4:30 PM Board Of Trade , First Canadian Place. I'm told
that the cost of these units are 2.1 million , however the real plus will be
the Royalties on litre flow through. I'm willing to wager that in the next
two month we will see several contracts put to bed. These will be exciting
times for those of us holding shares in this Co.
Best of Luck to us all.
Commissioning Of Kingston Micro Refinery
PROCESS CAPITAL CORP ("POR-Y")
- Commissioning Of Kingston Micro-Refinery
Process Capital Corp. announces that, following initial test runs, its
Kingston micro-refinery has successfully produced a middle distillate
product of diesel quality with yields of 70-75%. As expected, the
balance of the finished product stream has been verified as No. 4
heating oil, light end condensates and a non-leachable coke. The oil
refining technology has been designed, process-tested, and engineered by
Kilborn Inc., a member of the SNC-Lavalin Group.
The Kingston micro-refinery is currently undergoing the commissioning
phase. This phase was delayed due to ice storms and power outages in the
Kingston area, but power has since been restored and commissioning of
the plant is continuing. Upon the completion of the commissioning phase,
which is expected shortly, the micro-refinery will be fully operational
and producing diesel fuel on a continuous basis.
Mr. Peter Meyer, the chairman of the company's wholly owned subsidiary
Advanced Process Fuels Inc, which is responsible for the micro-refinery,
was quoted as saying "Process Capital Corporation's process is the most
modern and efficient technology for conversion of waste oil to diesel
fuel. This is an outstanding Canadian green technology' that is arguably
the best of its type in the world."
Process Capital Corporation through its subsidiary holds the rights to
process technology (patent pending) for converting waste oil to diesel
fuel. These micro-refineries can be strategically located near waste oil
collection facilities.
TEL: (416) 622-6600 Jules Roy, President FAX: (416) 622-6628 Robert
Grimard, CFO
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This Report Updated by Canstock at 13:07:35 Pacific Time |
