Axial Vector Energy Corp. (AXVC.PK) Joint Venture Partner Awarded International Patents
QualityStocks (August 14th, 2009) Writes:
Axial Vector Energy Corp. is a global solutions provider that owns, develops, invests in and licenses revolutionary technologies in areas such as energy. In the energy area, the company has entered into a joint venture with Petrosonics LLC called PETRO-AVEC. The joint venture is owned 60% by Petrosonics and 40% by Axial Vector Energy.
The company’s PETRO-AVEC joint venture was setup to develop, finance and market Petrosonics’ sulfur removal technology which can be used in refineries around the world. The process removes sulfur from all types of crude oil fractions through sonic energy, oxidation and the removal of all of the oxidized sulfur through hydrotreatment.
The PETRO-AVEC joint venture was recently awarded a patent for its sulfur removal technology in two additional countries. The two countries are both oil producing countries – Mexico and Egypt. In both cases, the patent awarded was for
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