HOUSTON-- SulphCo, Inc. announces that it has entered into a Technology Agreement (the "Agreement") with OMV Refining & Marketing GmbH ("OMV").
Based on results from recent laboratory and field testing of SulphCo's Sonocracking(tm) technology, SulphCo and OMV have entered into the Agreement to evaluate SulphCo's technology in several refining applications. The respective evaluations will be conducted by SulphCo and OMV personnel in OMV's pilot plant facilities during the next two months. The results from these evaluations will help determine the commercial applicability of SulphCo's technology within OMV's applications.
Dr. Larry D. Ryan, SulphCo's Chief Executive Officer, commented, "This is an important step for SulphCo and we are extremely pleased to have entered into the Agreement with OMV, a major integrated oil company.
The Agreement demonstrates that meaningful progress towards commercialization of SulphCo's technology is continuing to be made."