This follows the announcement of an order procured through oil and gas services company, Pt Isis Megah, the exclusive distributor for the sonocracking units with a processing capacity of at least 30,000 barrels per day (Bbl/day) in the sales territories of India, Malaysia, Singapore and Indonesia.
The decision to reposition 60,000Bbl/day of sonocracking capacity to the region, in addition to the 30,000Bbl/day of capacity shipped pursuant to the customer order was reportedly based not only on SulphCo’s belief in the strong potential for an expanded relationship with the customer, but also to allow it to strategically respond to future growth opportunities in the region.
Dr Larry Ryan, SulphCo’s CEO, said: The 30,000Bbl/Day customer order is conditioned upon the execution of an operating agreement among the parties, the principal elements of which have already been negotiated.
