Alternative Petroleum Technologies Renews Multiple Year Contract for Use of Its Diesel Emulsion in a Major European Port
By Alternative Petroleum Technologies S.a., PRNEWednesday, May 12, 2010
LUXEMBOURG, May 13, 2010 - Alternative Petroleum Technologies S.A. ("APT") announced today that its
partner ITI S.r.l. ("ITI") in Genoa, re-signed its customer Ignazio Messina &
C. S.p.A. ("Messina") to a four-year contract. The contract covers the daily
use of an on-site emulsification plant that is used to fuel their vehicles
and port equipment running 24 hours per day. The Messina Terminal has been
using this emulsion technology for the last several years.
The Messina Terminal located in the Old Port is home to a fleet of
container ships which sails all over the Mediterranean, Africa, the Middle
East and the Indian subcontinent. The fleet of 16 vessels sail to over 50
ports and 36 countries.
Alberto Vigliotti, President of ITI said he was "pleased to have the port
customer committed to a four year contract and believes this is a reflection
of the trouble-free performance in delivering emission reductions and cost
savings."
Patrick Grimes, APT President stated, "Messina's renewal under a multiple
year contract provides APT with marketing momentum in Italy and commercial
and technical validity for our upcoming contract with the Port of Los
Angeles."
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 info@altpetrol.com.
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.
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.
Patrick Grimes of Alternative Petroleum Technologies S.A., +1-775-322-4605, ext. 2235, pgrimes at altpetrol.com
Tags: Alternative Petroleum Technologies S.A., Luxembourg, May 13, Western Europe