North American soybean refinery to install CTi Nano Reactor
Cavitation Technologies Inc. announced that its strategic partner and licensee of CTi’s vegetable oil refining technology Desmet Ballestra Group has entered into a sales agreement with a soybean oil refinery in North America. This newly built refinery will process approximately 500 tons of soybean oil. Desmet projects the new system will be fully installed and operational in 2015.
CTi anticipates approximately $350,000 in revenue from this sale.
“We are excited to have our first system sale in fiscal 2015,” said CTi President Igor Gorodnitsky. “We believe that fiscal 2015 will encompass a combination of the benefits our technology brings in vegetable oil refining, production of ethanol and biodiesel, water and petroleum treatment. Our invaluable relationships with our licensees, the Desmet Ballestra Group and GEA Westfalia, provide our company with very strong business partnership with global technology leaders.”
Founded in 2007, CTi designs and manufactures flow-through 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 Nano Neutralization Reactor System allows refiners to reduce processing costs and environmental impact while increasing the yield.
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