Nanotechnology Now - Press Release: "H2OIL Corporation Announces “Second Generation” Nanotechnology"

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Abstract:
Signs agreement to build manufacturing plant in China

H2OIL Corporation Announces "Second Generation" Nanotechnology

May 19, 2005

In a recent ceremony in Beijing, H2OIL and PetroChina's Huafu Oilfield Chemical Company announced that they had signed a joint venture agreement to build a nanotechnology fuel additive manufacturing plant in Tianjin, China.

This production facility can make up to 10,000 tons per year of H2OIL's cutting edge "F2-21" fuel additives. This will be enough to treat 25 billion gallons of fuel per year, or about 70% of China's entire domestic demand for gasoline and diesel fuel.

Richard Hicks, President of H2OIL Corporation said:

"I am pleased to use this opportunity to make a formal announcement. This is the first time that H2OIL has publicly released this information and I am particularly happy to be able to do it here in China with our joint venture partners.

Our 13 years experience in producing nanotechnology fuel additives has helped us to realize some of the huge potential from more fully exploiting this technology. Our latest fuel additives use "NanoGhost" technology. This increases the power of regular nanotechnology by over 1,000 times by using a unique combination of nanotechnology and chaos theory.

Not only have we discovered an entirely new way to apply this nanotechnology, but we have also been able to exploit it in a fully commercial application. I believe that we are the first company in the world to be able to understand and actually use what we are now calling "Second Generation" nanotechnology.

All of H2OIL's cutting edge F2-21 fuel additives produced here in China will be using this latest "Second Generation" nanotechnology. This means that China should be now able to produce some of the cleanest and most energy efficient gasoline and diesel fuels in the world."

Vehicles using F2-21 fuel additives have significantly improved fuel economy and substantially reduced exhaust emissions. F2-21 is extremely cost effective, easy to use, needs no infrastructure changes, requires no vehicle or engine modifications and can very quickly reach almost 100% of the existing vehicle population.

H2OIL Corporation is a California research and development company and is the world leader in commercially available "second generation" nanotechnology fuel and oil additives.

For more information, please visit www.h2oil.com.

Tianjin Huafu Oilfield Chemical Co. Ltd. is a subsidiary of PetroChina and is the largest oilfield chemical company in China.

For more information, please visit www.haufu-group.com and www.petrochina.com.cn.