DGAP-News: Tests confirm industry record for Man Oil Group AG's innovative oil sludge treatment process
(firmenpresse) - DGAP-News: MAN OIL GROUP AG / Key word(s): Miscellaneous
Tests confirm industry record for Man Oil Group AG's innovative oil
sludge treatment process
08.05.2012 / 12:10
---------------------------------------------------------------------
Tests confirm industry record for Man Oil Group AG's innovative oil sludge
treatment process
Zug, Switzerland, May 8, 2012 - Man Oil Group AG ('MOG'), a specialist in
eco-friendly oil-sludge cleaning and treatment based in Switzerland,
announces highly positive analysis results for oil sludge processed with a
STORM-15 machine, one of MOG's proprietary developments, installed at
TNK-BP's main refinery in Lisichansk, Ukraine.
The results of the analysis, which were independently verified, show that
MOG's STORM-15 machine achieved a processing capacity of 15m³/h, an
industry record. The results also furnished proof of the process ensuring a
high level of separation into hydrocarbons, soil and water.
- The recovered hydrocarbons contained: 0.2% water and 0.047% mechanical
admixtures.
- The recovered water contained: 0.0018% hydrocarbons and 0.0016%
mechanical admixtures.
In summer 2011, Man Oil Group was awarded its first major contract by
TNK-BP, a joint venture between the Russian Tumen Oil Company and British
Petroleum (BP). The contract has an initial project value of USD9m for the
first phase during which MOG will work on an oil-sludge reservoir of 60,000
tons. One of the key selection criteria in the tender process leading to
the contract award was a guaranteed high capacity of environmentally
friendly processing. Now TNK-BP's Ukrainian refinery officially confirmed
that:
- MOG fulfilled its obligations to launch the project on time and started
processing off-quality petroleum products at the Lisichansk refinery;
- the industrial site had been properly prepared and received all
necessary STORM-15 equipment, whose complex installation remained
within the agreed time schedule;
- the post-processing product was treated to yield results in compliance
with the contract.
Alexandr Potemkin, designated Vice President of Man Oil Group AG,
commented:
'Man Oil Group's mission is all about delivering the best quality product
on the market, on time, at the right price and in an environmentally
friendly way - that is what clients are looking for and that is what Man
Oil Group has delivered to TNK-BP, a multi-national company with very high
HSE standards. As proven by the analysis, MOG's cutting-edge solutions can
achieve the highest possible performance in refining, which goes to further
endorse the decision made by TNK-BP to choose our STORM-15 solution.'
- The end -
Contact:
Emma Kane/Rebecca Sanders-Hewett/Henry Columbine
Redleaf Polhill
t: +44 20 7566 6700
Man Oil Group AG
Seestrasse, 5
6300 Zug, Switzerland
t.: +41 41 500 16 90
e-mail: ir(at)manoilgroup.com
Notes:
MOG AG:
- Man Oil Group is a Swiss company that offers complex treatment of oil
sludge and oil-contaminated soils on an industrial scale; its
bio-remediation technology facilitates the separation and recovery of
up to 95% of hydrocarbons. The treatment method is designed to be
environmentally friendly. Man Oil Group has operations in Russia,
Ukraine, Kazakhstan and Azerbaijan. The technological solutions and
reagents used in the recycling process have been developed by Man Oil
Group in cooperation with the Ukrainian Institute for Soil Science and
Agrochemistry.
- The shares of Man Oil Group AG were admitted to trading on the
Frankfurt Stock Exchange on July 13, 2011.
STORM-15:
- STORM-15 is a cost-effective and environmentally friendly technological
solution for the upstream/downstream-market-treatment of oil waste,
efficiently processing even heavy oil sludge types. Its technology was
developed in the course of three years of research and development at
the company's scientific laboratories and engineering bureaus, working
with leading international industry experts.
- STORM-15 machinery can be tailored to individual customer requirements
and the particular features of each site. The machinery's flexible,
automated control system minimizes human intervention and delivers
results in line with pre-agreed and installed parameters.
The TNK-BP Contract:
- Man Oil Group AG was awarded its first major contract by TNK-BP
following a tender process in which one of the key selection criteria
was a guaranteed high capacity of eco-friendly processing.
- In March this year Man Oil Group commenced the shipment of the STORM-15
machine to TNK-BP's refinery in Lisichansk, Ukraine, and commenced the
pre-commissioning work on site.
Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of
offers to purchase or subscribe to securities. There will be no public
offering of securities of Man Oil Group AG in conjunction with the existing
listing of its shares in the Open Market segment of the regulated
unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This
notice does not constitute a securities prospectus. Neither this notice nor
the information contained within is intended for direct or indirect
distribution within Canada, Australia or Japan.
End of Corporate News
---------------------------------------------------------------------
08.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
168598 08.05.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Golden Reign Completes Early Earn-In of 80% Interest in Flagship San Albino-Murra Gold Property, Nicaragua
Datum: 08.05.2012 - 12:10 Uhr
Sprache: Deutsch
News-ID 143660
Anzahl Zeichen: 2917
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 276 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Tests confirm industry record for Man Oil Group AG's innovative oil sludge treatment process"
steht unter der journalistisch-redaktionellen Verantwortung von
MAN OIL GROUP AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
