Scandoil  

Blue Water Petroleum signs LoI with Viscos Energy Partners to form JV


Published Jun 29, 2015
Blue Water Petroleum Corp.-2

Blue Water Petroleum Corp. has signed a Letter of Intent with European company Viscos Energy Partners to form a joint venture company called STO to operate VEP's patented mobile microwave system for the remediation and upgrading of crude oil sludge's in the USA. VEP will contribute new patents and licenses to BWPC contingent upon BWPC providing an initial funding of up to $2 million for the new entity, STO.

STO will be owned 50-50 by BWPC and BWPC will recoup the initial funding from future revenues of STO. VEP will provide microwave equipment, training, field support and maintenance while BWPC will establish field operations starting in the Rocky Mountain region. VEP's microwave treatment liquefies, separates and upgrades crude oil sludges and creates a marketable product while substantially reducing hazardous environmental waste.

Tags: Blue Water Petroleum Corp., Viscos Energy Partners




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml