Inelco Corp. (fka INLC)

[Eric4381]

I translated this from a Mexican news report:
This basically says that in minutes that they will be able to turn sludge into oil!! Something that would normally takes millions of years. How does that not sound like MONEY!!!!


VALENCIA, SPAIN / / The company IBS has signed an agreement with the American company Biocel Energy for the development and distribution in the U.S., Canada and Mexico from its treatment plant sludge from water treatment. The Valencian company has developed a novel system that allows the conversion of bio-petroleum sludge through a process that recreates the conditions of temperature and pressure which are the subject of organic waste in the ground and give rise to oil.

By this method, which takes a few minutes IBS is capable of generating oil and accelerate a process that nature takes millions of years to produce naturally.

The potential for implementation in the United States is very large, since the American country annually produces 19 billion tons of sludge from water treatment that currently pose a problem since it is a residue whose management and transfer generates a high cost.

If the 19 billion tons of sewage sludge were treated with the IBS system will get an annual production of 4,000 million tons of oil, so it would be a sludge management system deficit to an asset revaluation as precious as oil.

The goal is to finish Biocel IBS and 2010 with the installation of five plants, which would be a business of about $ 10 million for the company in Valencia. The agreement between the two companies provides for a royalty to the American company paid for each plant installed as licensee of the technology of IBS.

Currently Biocel Energy and IBS are building the first pilot plant in the town of Fort Lauderdale located in Florida and are finalizing the construction of a plant near the Canadian city of Montreal. The total production capacity of the plant is 1,600 tonnes per month and will be a replica of the subsequently installed next to treatment plants. In these same facilities will be located laboratories and American headquarters IBS USA.