Used oil recycling technology has undergone significant changes over the past decade and the US has not been among the leaders in developing or implementing new technology. The technologies that have been developed in Europe and other nations provide significant near term business opportunities and dynamic long term growth and value creation.

The Company will license the Revivoil technology from Viscolube / Axens which is proven to be the best and most advanced re-refining technology available worldwide. Axens is the second largest provider of various technology licenses in the oil industry and Viscolube is the leader in the European re-refining business.

The license agreement with Viscolube / Axens includes the process book, detailed engineering, technology transfer agreement and a performance warranty.

Viscolube has been operating since 1963 and introduced Revivoil in 2003. This technology is proven to offer the highest yield of base oil along with the lowest operational cost. Revivoil is currently being used in eleven (11) plants around the world including Italy, Poland, Indonesia, Spain, Greece, Pakistan, Serbia and soon in Venezuela. The Revivoil process is developed jointly by Viscolube and Axens. The Revivoil technology is a process application that economically converts used motor and industrial oils into highly valuable quality products in an ecologically responsible way.

The Revivoil process is made up of three sections - Pre Flash and Thermal De-Asphalting units designed by Viscolube and High Pressure Hydro finishing designed by Axens.

Pre-Flash
Water present in the used oil feedstock has to be removed. In this stage, the feedstock is heated to 140 degrees Celsius and then distilled in a column where the water and light hydrocarbons are separated.

Thermal De-Asphalting
The dehydrated oil is distilled at 360 degrees Celsius in a vacuum de-asphalting column (TDA). The asphaltic and bituminous products remain at the bottom and three side cuts of different viscosity are extracted at the same time. Intermediate gas oil is extracted at the top of the column. The three side fractions and the gas oil are sent to storage to be subsequently hydro-finished in batches in a high pressure (100 bar) catalytic plant.

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