In May, Axial Vector Energy Corp. announced that its PETRO AVEC Joint Venture partner, Petrosonics LLC, recently received a Russian patent protecting the purification process that removes sulfur and nitrogen compounds from diesel oil, FCC cycle oil, FCC slurry oil, light/heavy gas oil and coker gas oil fractions. The patent will remain in effect for 20 years with the possibility of an additional five-year extension.

According to the U.S. Energy Information Administration, Russia has 41 oil refineries with a total crude oil processing capacity of 5.4 million bbl/d, and produces significant amounts of heavy fuel oil, middle distillates, and gasoline. Roughly 20.5% of Russia’s total diesel output is exported. However, their refineries need to modernize in order to meet Europe’s growing demand for low sulfur fuels.

Dr. Mazin Samman, lead PETRO AVEC licensing negotiator for Russia, stated, “Russian oil companies are prime licensing

Axial Vector Energy Corporation announced this morning that its PETRO AVEC Joint Venture partner, Petrosonics LLC, was recently awarded a Russian patent that protects the process by which sulfur and nitrogen bearing compounds are removed from diesel oil, FCC cycle oil, FCC slurry oil, light gas oil, heavy gas oil and coker gas oil fractions, utilizing sonic energy and oxidation. According to the press release, the patent will remain in effect for two decades with the possibility of a five year extension.

According to the U.S. Energy Information Administration, Russia has 41 oil refineries with a total crude oil processing capacity of 5.4 million bbl/d. Russian refineries produce approximately 1.2 million bbl/d of Mazut (heavy fuel oil), 1.3 million bbl/d of middle distillates, and 815,000 bbl/d of gasoline, but require modernization to meet Europe’s growing demand for low sulfur fuels.

Dr. Mazin Samman, lead