Advanced Clean Technologies, Inc. Subsidiary to Test New Oil Recovery Method in Kern County, California
ACTH | Quote | Chart | News | PowerRating -- Advanced Clean Technologies, Inc. (PINKSHEETS: ACTH | Quote | Chart | News | PowerRating) disclosed today
that its wholly owned subsidiary, American Petroleum Solutions, Inc.
(APS), will join with a private oil production company to test its
patented, aqueous, non-hazardous, chemical reagent, remediation fluids
for recovery of heavy oil in Kern County, California. The fluids have
been used for over 15 years as a part of an environmental and soil
remediation process for a number of clients, including some of the
country's largest oil and gas companies. The upcoming tests will
determine if the process can successfully reduce the thickness and
viscosity of oil at the depth of the sandstone reservoirs present in
Kern County. Kern County currently provides approximately 66% of all the
oil produced in California, 10% of the total oil production in the
entire United States, and about 1% of the total world oil production.
Russell Kidder, CEO of Advanced Clean Technologies, Inc. stated, "We
know that our proprietary process can reduce the thickness and viscosity
of oil at surface level and want to test its effectiveness in the actual
oil recovery process. The current oil recovery method for this heavy oil
is steam injection into the ground to heat the oil. If effective, our
process could provide significant benefits in the cost and efficiency of
production of the existing oil reserves. Results of the tests, which
could take several months, will be announced when concluded."
About Advanced Clean Technologies, Inc.
Advanced Clean Technologies, Inc. is committed to a safer environment.
We provide cost-effective, environmentally-safe, remediation solutions
to today's hazardous waste problems. Our wholly owned subsidiary,
American Petroleum Solutions, Inc., provides oil field and heavy
construction remediation services for projects complicated by
environmental, regulatory, and other issues. Our experience ranges from
soil remediation to complex, petroleum services related projects
throughout North America. Founded by engineering professionals with
environmental construction and remediation engineering backgrounds, APS
provides our clients the benefit of a combination of practical solutions
and technical experience in working with hazardous substances that are
unique to the construction and remediation industry. Some past major
project experience includes the Mobil Oil -- Torrance Refinery, Southern
California Gas Company, Southern California Edison Company and the Long
Beach Unified School District.
For more information about Advanced Clean Technologies, Inc., please
visit our website, http://www.actcleantech.com.
A number of statements referenced in this Release, and any other
interviews that have been made, are forward-looking statements, which
are made pursuant to the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995, and within the meaning of
Section 27A of the Securities Act of 1933 and Section 21B of the
Exchange Act of 1934. Any statements that express or involve discussions
with respect to predictions, expectations, beliefs, plans, projections,
objectives, and goals, assumption of future events or performance are
not statements of historical fact and may be "forward-looking
statements." Forward looking statements are based on expectations,
estimates and projections at the time the statements are made that
involve a number of risks and uncertainties which could cause actual
results or events to differ materially from those presently anticipated.
Forward looking statements in this actions may be identified through the
use of words such as "expects," "will," "anticipates," "estimates,"
"believes," or statements indicating certain actions "may, "could," or
"might," occur. Such statements reflect the current views of the
company's management with respect to future events and are subject to
certain assumptions, including those described in this release. These
forward-looking statements involve a number of risks and uncertainties,
including the timely development and market acceptance of products,
services, and technologies, competitive market conditions, successful
closing of acquisition transactions and their subsequent integration,
the ability to secure additional sources of financing, the ability to
reduce operating expenses, and other factors described in the Company's
filings with the Pink Sheets. The actual results that the Company
achieves may differ materially from any forward-looking statements due
to such risks and uncertainties. The Company does not undertake any
responsibility to update the "forward-looking" statements contained in
this news release.
SOURCE: Advanced Clean Technologies, Inc.
Advanced Clean Technologies, Inc.
Joseph Rizzo, Investor Relations
954-357-3827
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