Alternative Petroleum Technologies Receives Purchase Order from Refinery for Emulsified Fuel Oil
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.
