Cassandra Oil (CSSOF)

[Nax]

Cassandra can handle plastic aswell, maybe even electronics but that's for further on. This PM is about the pilot projekt in Spain.

Cassandra Oil has entered into an agreement with the Spanish
waste management company Valoriza Servicios Medioambientales SA
( " VSM " ) to initiate a joint pilot project on VSM 's site in
near Cadiz in southwestern Spain . The pilot project for which
required environmental permits have now been granted by the Spanish
authorities , will continue for one year from the start of
process plant . Cassandra Oil provides a
process plant model CASO 600. VSM provides all
infrastructure and waste plastic and tires. After evaluation, the VSM
opportunity to step in as partners in a common joint venture.


VSM part of Sacyr Group, which is active in particular
works, property management and waste management. Sacyr is
listed on the Stock Exchange in Madrid with a market cap of about 1.6 billion
Euro . For further information see Sacyr 's website www.sacyr.com .


" We start in a small format with a process plant in Cadiz, but we have
both aim to expand to other VSM sites in Spain . we
have evaluated several alternatives establishment in Spain but came quickly
until the Sacyr Group is an ideal partner . What is
particularly interesting is that Sacyr has a stake in Repsol is
one of the world 's largest oil company , which we believe could ultimately open
for broader cooperation with Spain as a base, " says Cassandra Oils
founder Anders Olsson.


For further information , please contact Per Olsson, CEO Tel : [phone]
08 08 Erik Nerpin , Chairman, tel [phone]

This is Cassandra Oil AB Cassandra Oil is a Swedish company with
using new technology produces oil from hydrocarbon materials,
such as used tires , plastic waste , " oljesludge " waste oil and
eventually, oil sands , oil shale and electronic scrap. Cassandra Oil
shares are listed on NASDAQ OMX First North as CASO . Remium
AB is the company's Certified Adviser .