Desmet to install CTI Nano Reactor in Brazilian soy oil refinery
Cavitation Technologies Inc. announced that its strategic business partner and licensee of the company's vegetable oil refining technology, the Desmet Ballestra Group, has entered into a sales agreement with a soybean oil refinery in Brazil. The Brazilian refinery where Desmet will install Cavitation Technologies’ Nano Neutralization Reactor System processes approximately 500 tons of soybean oil daily. Desmet projects that the system installation will be completed and fully operational by June 30, the end of Cavitation Technologies’ 2014 fiscal year.
Cavitation Technologies anticipates approximately $350,000 in revenue from the sale to be received in the second or third fiscal quarters of 2014. With multiple sales in Argentina and Ecuador, this Brazilian installation marks Cavitation Technologies’ sixth in South America. This region has enormous sales potential in edible oil processing and refining and is a major target for the company.
“I can't fully emphasize the importance of finalizing this installation in Brazil,” said Cavitation Technologies President Igor Gorodnitsky. “In the edible oil processing and refining industry, Brazil is one of the largest markets in the world and we appreciate all that Desmet has done to complete this agreement.”
Gorodnitsky added, “Brazil is also one of the largest biodiesel producing countries and a world leader in biofuel development. With our recently patented technology on processing and producing biodiesel, Cavitation Technologies is continuously on the lookout for additional new opportunities to implement our systems across these sectors. Brazil provides enormous potential for us moving forward.”
Founded in 2007, Cavitation Technologies designs and manufactures state-of-the-art, flow-through, robust devices and systems and develops processing technologies for use in edible oil refining, renewable fuel production, expeditious petroleum upgrading, algal oil extraction, alcoholic beverage enhancement and water treatment. As an add-on to existing neutralization systems, the company's patented, trademarked Nano Reactor allows refiners to significantly reduce both processing costs and the environmental impact, while also increasing the yield.
The Desmet Ballestra Group is a world leader in the fields of engineering and supply of plants and equipment for the oils, fats, animal feed industries, detergents, surfactants and related chemical industries and the oleochemical and biodiesel industries. Desmet Ballestra has more than 60 years of experience, a significant R&D capacity and an extensive customer base. The company has sales and engineering offices in 15 countries.