News out 10/9/2012 2:52 p.m.
Petrosonic Soon to Be Completed Facility Receives Upgrade
Petrosonic Energy, Inc. (OTCQB: PSON) has announced recently that their new facility, slated to be opened within the 4th Quarter of this year, will be upgraded by the addition of a 120 bbl/hour heavy crude and asphaltene emulsification plant in the Company's soon to be completed Albania facility.
Petrosonic Energy, Inc. is building a facility to provide a 1,000 barrel of oil per day processing for the upgrading of heavy oil. This plant will be the first commercialization of the company's Sonic Reactor to provide energy and cost efficient heavy oil processing. Heavy oil, such as bitumen, is thick and hard to extract. But there billions of potential barrels of heavy oil and producing them will help to meet rising energy demands. Shell (NYSE: RDS-A), Cenovus Energy (NYSE: CVE) and Talisman (NYSE: TLM) all operate in heavy crude refining.
In a report by HartEnergy titled Heavy Crude Oil: A Global Analysis & Outlook to 2035, it states that, "Heavy oil is plentiful around the globe and will become an increasingly important source of new crude supplies in the future." With the increased usage of heavy crude oil, new refining tactics will be needed to make the refining process more cost effective.
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