- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
Signs agreement to build manufacturing plant in China
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.
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
|Related News Press|
PEN Inc. Announces Strategy to Broaden Clarity Branded Products Business February 4th, 2016
Graphenea increases capacity, reduces prices January 25th, 2016
Corrosion-Fighter Tesla NanoCoatings Pioneers 2x1 Wet-on-Wet Process January 20th, 2016
Iranian Company Mass-Produces Self-Cleaning Nanopaints November 14th, 2015
PEN Inc. Announces 1-for-180 Reverse Stock Split January 27th, 2016
Study reveals how herpes virus tricks the immune system February 5th, 2016
Hepatitis virus-like particles as potential cancer treatment February 5th, 2016
Organic crystals allow creating flexible electronic devices: The researchers from the Faculty of Physics of the Moscow State University have grown organic crystals that allow creating flexible electronic devices February 5th, 2016
Herbal Extracts Applied to Synthesize Titanium Dioxide Nanoparticles January 28th, 2016
FLEXcon shares insights on developments and safety guidelines in nanotechnology: FLEXcon hosted New England Nanotechnology Association event, discussing latest industry activities and innovations January 25th, 2016
Highly efficient heavy metal ions filter January 25th, 2016