HOUSTON, Sept. 15, 2009 (GLOBE NEWSWIRE) -- SulphCo, Inc. (the "Company" or "SulphCo") (NYSE Amex:SUF), a technology company with a patented ultrasound process designed to desulfurize crude oil products and crude oil, announced today it has entered into a letter of intent (the "LOI") with Laguna Development Corporation ("Laguna") to move toward the commercial installation of SulphCo's desulfurization technology.
Under the terms of the LOI, Laguna has agreed to evaluate SulphCo's Sonocracking(TM) technology to reduce the sulfur content of the diesel stream produced at Laguna's New Mexico trans-mix facility to reach ultra-low sulfur diesel requirements that Laguna will be required to meet beginning in June 2010. Upon achievement of agreed upon technical requirements to produce ultra-low sulfur diesel, SulphCo and Laguna intend to enter into a commercial arrangement for the installation and operation of a SulphCo Sonocracking unit at Laguna's facilities.
Dr. Larry D. Ryan, SulphCo's Chief Executive Officer, commented, "This is an important step for SulphCo and we are extremely pleased to have entered into the LOI with Laguna. We believe that our Sonocracking(TM) technology can provide a cost effective solution for the sulfur removal challenges at Laguna's trans-mix facility. We look forward to working with the management of Laguna to accomplish their commercial and environmental goals."
About SulphCo, Inc.
Houston-based SulphCo has developed a patented safe and economic process employing ultrasound technology to alter the molecular structure of crude oil and crude oil products. The overall process is designed to "upgrade" the quality of crude oil and crude oil products by modifying and reducing the sulfur and nitrogen content to make those compounds easier to process using conventional techniques, as well as reducing the density and viscosity. For more information, please visit http://www.sulphco.com/.
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About Laguna Development Corporation
Laguna is a federally-chartered corporation wholly owned by the Pueblo of Laguna, a federally recognized Indian tribe. Laguna operates a trans-mix plant in New Mexico, approximately 30 miles West of Albuquerque. Trans-mix is a mixture of gasoline, diesel, and jet fuel created during the transportation of such fuels through a shared pipeline. The process for separating trans-mix is a distillation process. The trans-mix plant operates 24 hours a day and produces approximately 50,000 gallons per day. All diesel that is produced at the trans-mix plant is sold through retail outlets owned by Laguna. For more information, please visit http://www.lagunadevcorp.com.
From time to time, the Company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.