Axial Vector Energy (AXVC.PK) was pleased to announce recently that its wholly-owned subsidiary, AVEC Acquisitions Corporation, and Petrosonics LLC have entered into a joint venture agreement. Petro-AVEC, the official name of the new joint venture, will bring key members from both companies together in an effort to develop, finance, and market Petrosonics’ sulfur removal technology worldwide.

Petrosonics has developed a technology that increases the amount of refined product extracted from a barrel of oil. With a moderate temperature and atmospheric pressurized environment, a high-powered ultrasound is used to reduce the amount of sulfur, nitrogen, and trace metals typically found in petroleum. The process increases API (American Petroleum Institute) gravity and volume while reducing oil density and hydrogen loss. The process renders more usable refined end-product than traditional methods and even turns “sour oil” into a less sour product.

Dr. Mark Cullen, founder of

The new joint venture recently formed between Axial Vector Energy Corp. (AXVC.PK) and privately held Petrosonics, to market Petrosonics’ advanced sulfur removal technologies, is significantly strengthened by the presence of worldwide government movements to reduce sulfur emissions from automotive fuels. In addition, there is now increasing pressure to expand sulfur emission regulations to locomotives, ships, and other off-road fuels. Recently California proposed requiring ocean-going vessels to use lower-sulfur marine distillates when within 24 nautical miles of the coastline.

Standard sulfur reduction technologies, such as hydrotreatment, are not cost effective for most small to mid-sized refineries, nor can they meet the anticipated global demand for zero sulfur levels. Petrosonics’ technologies, on the other hand, cover most of the oil producers and refiners in the world, irrespective of refinery configuration.

Oxidative desulfurization technology can be used for multiple fuels, including gasoline and diesel. Utilization can

Yesterday, Axial Vector Energy announced that it has formed a Joint Venture with Petrosonics, LLC of Reno, Nevada. This new Joint Venture will be named Petro-AVEC. AVEC Acquisitions Corporation, a wholly owned subsidiary of Axial Vector, and Petrosonics have formed the Joint Venture to develop, finance and market Petrosonics’ sulfur removal technology globally.

Under the terms and conditions of the Joint Venture, AVEC Acquisitions will provide an initial $6.8 million of capital contributions. First, Petro-AVEC will concentrate its development, sales and marketing efforts in the worldwide refining industry. The Joint Venture will continue development of their proprietary technology for treatment of sour crude.

Petrosonics, LLC CEO Dr. Mark Cullen commented, “We are extremely pleased and honored to announce the formation of a joint venture with AVEC and the extended AVEC family. Our experiences working with AVEC and with their colleagues