Alternative Petroleum Technologies Signs a Commercial Contract in Latin America

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• Latin America - español
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LUXEMBOURG, July 25, 2011 /PRNewswire/ -- Alternative Petroleum Technologies S.A. ("APT") announced today that the joint venture between itself and its partner, Navipac S.A., has signed a commercial contract with a customer for the use of APT's fuel oil emulsion product. The customer is one of the largest coffee roasting companies in the world and will use APT's fuel oil emulsion product in its industrial boilers.

Under the terms of the contract, the joint venture will receive a portion of the fuel savings as compensation for providing its blending unit, additives, and know how.  "After a long and exhaustive evaluation period the customer has been satisfied that the use of the fuel oil emulsion reduces harmful emissions and improves combustion," said Ramon Espinel, Top Executive at Navipac. Mr. Espinel further stated that "demonstrating a net fuel savings in a subsidized fuel market such as Ecuador gives us great confidence for our expansion."

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].

About Navipac. (http://www.navipac.com/)

Navipac S.A. (Navipac) has been supplying petroleum products and bunkering services in Ecuador and the region since 1952. Navipac was the first, and is the largest, private tanker owner and tanker operator in Ecuador. It has been recognized internationally as a regional leader in both in the quality of its services as well as introducing safety and technological advances to the industry.

Navipac is a third-generation company and its founder introduced the first petroleum refinery to Ecuador.

For more information please contact Navipac 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.