Alternative Petroleum Technologies Enters First Commercial Contract in China

LUXEMBOURG, May 4, 2011 /PRNewswire/ -- Alternative Petroleum Technologies S.A. announced today its subsidiary, Alternative Petroleum Technologies (Asia) Ltd. ("APT"), acquired its first customer in the People's Republic of China, a large shoe manufacturing company.  The contract is the result of extensive trials demonstrated at the customer site that validated a net fuel savings for the customer.

Under the terms of the contract, APT will receive a portion of the fuel savings as compensation for providing its blending unit, additives, and know how.  "We are thrilled to have another location validate the fuel savings aspect of our technology and given the current price of crude oil, we are excited that our technology can help our customers improve their margins," said Mr. Patrick Grimes, director and President of APT.

Mr. Grimes further stated that the initial results were better than originally expected and sets a strong foundation for the next steps for commercialization in Asia.

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].

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SOURCE Alternative Petroleum Technologies S.A.