Alternative Petroleum Technologies Receives Purchase Order from Refinery for Emulsified Fuel Oil
Monday, Apr 12, 2020

LUXEMBOURG, April 12 /PRNewswire/ — Alternative Petroleum Technologies S.A. (“APT”) announced it has received a purchase order from a refinery owned and operated by India’s largest oil company, the Indian Oil Corporation Limited (“IOC”). After several months of consideration under an arduous tender process, APT was awarded the right to deliver its heavy fuel oil emulsion technology for up to one year for certain steam generation and crude heating systems within one of IOC’s refineries.

Satish Makhija, a senior refinery specialist with APT, stated “we are very excited to introduce the APT heavy fuel oil emulsion technology to India with such a high profile customer.” Mr. Makhija, the former head of IOC’s Research and Development Center said he believes the award of the contract under the formal competitive bid process helps establish APT as the leader in the emerging field of fuel emulsions in India.

About Alternative Petroleum Technologies (

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].

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.

This publication is directed only at (I) persons who are outside the United Kingdom or (II) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”) or (III) high net worth companies and other persons to whom it may lawfully be committed falling within article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Order (all such persons together being referred to as “Relevant Persons”). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents.

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: PR Newswire

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