Alternative Petroleum Technologies Renews Multiple Year Contract for Use of Its Diesel Emulsion in a Major European Port
LUXEMBOURG, May 13 /PRNewswire/ -- Alternative Petroleum Technologies S.A. ("APT") announced today that its partner ITI S.r.l. ("ITI") in Genoa, re-signed its customer Ignazio Messina & C. S.p.A. ("Messina") to a four-year contract. The contract covers the daily use of an on-site emulsification plant that is used to fuel their vehicles and port equipment running 24 hours per day. The Messina Terminal has been using this emulsion technology for the last several years.
The Messina Terminal located in the Old Port is home to a fleet of container ships which sails all over the Mediterranean, Africa, the Middle East and the Indian subcontinent. The fleet of 16 vessels sail to over 50 ports and 36 countries.
Alberto Vigliotti, President of ITI said he was "pleased to have the port customer committed to a four year contract and believes this is a reflection of the trouble-free performance in delivering emission reductions and cost savings."
Patrick Grimes, APT President stated, "Messina's renewal under a multiple year contract provides APT with marketing momentum in Italy and commercial and technical validity for our upcoming contract with the Port of Los Angeles."
About Alternative Petroleum Technologies (www.altpetrol.com)
Alternative Petroleum Technologies S.A. is the holding company for a group of environmental technology companies dedicated to all aspects of cost-effective solutions to environmental problems. We offer technologies and expertise to help operators of compression-ignition engines and industrial boilers meet increasingly stringent emissions requirements. We are developing new ways to help international power plant operators meet the constantly growing demand for electricity with heavier oil products that are made cleaner and more economical. And we are meeting the challenge of providing even cleaner biodiesel fuels with new generations of emulsified fuels.
For more information please contact APT at [email protected].
Disclaimer
This publication serves information purposes only and constitutes neither an offer to sell nor a solicitation to buy securities of Alternative Petroleum Technologies S.A. in any jurisdiction.
This publication also does not constitute an offer of securities for sale into the United States. Securities may not be offered or sold in the United States absent registration or any exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"). The securities of Alternative Petroleum Technologies S.A. described herein have not been and will not be registered under the US Securities Act and are not being and will not be offered or sold in the United States of America.
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This publication may contain forward-looking statements. These forward-looking statements concern the operations, prospects, plans, economic performance and financial condition of Alternative Petroleum Technologies S.A. Forward-looking statements are based on current estimates and assumptions made by Alternative Petroleum Technologies S.A. to the best of its present knowledge. Such forward-looking statements are based on assumptions and are subject to risks, uncertainties and other factors that could cause the actual financial condition and results of Alternative Petroleum Technologies S.A. to differ materially from and fail to meet the expectations expressed or implied by such forward-looking statements.
SOURCE Alternative Petroleum Technologies S.A.
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