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Alternative Petroleum Technologies Begins Operating Emulsion Blending Unit for Industrial Fuel in Latin America

November 3, 2010

LUXEMBOURG, Nov. 3 /PRNewswire/ — Alternative Petroleum Technologies S.A. (“APT”) announced today that it has completed the commissioning of its 15 million liters per year capacity blending unit with its Joint Venture partner, Navipac, in Ecuador. The blending unit is being utilized to support the Joint Venture’s agreement with a large Ecuadorian consumer of heavy fuel oil in industrial boilers used for roasting coffee beans.

“Despite subsidized fuel prices in Ecuador, APT’s emulsion technology for fuel oil is delivering environmental emission advantages at a lower net price to the customer under commercial testing underway,” said Ramon Espinel, Navipac’s top executive. Mr. Espinel further stated that initial results being generated were better than originally expected which sets a strong foundation for customer growth.

About Alternative Petroleum Technologies (www.altpetrol.com)

Alternative Petroleum Technologies S.A. is the holding company for a group of environmental technology companies dedicated to all aspects of cost-effective solutions to environmental problems. We offer technologies and expertise to help operators of compression-ignition engines and industrial boilers meet increasingly stringent emissions requirements. We are developing new ways to help international power plant operators meet the constantly growing demand for electricity with heavier oil products that are made cleaner and more economical. And we are meeting the challenge of providing even cleaner biodiesel fuels with new generations of emulsified fuels.

For more information please contact APT at info@altpetrol.com.

About Navipac. (http://www.navipac.com/)

Navipac S.A. (Navipac) has been supplying petroleum products and bunkering services in Ecuador and the region since 1952. Navipac was the first, and is the largest, private tanker owner and tanker operator in Ecuador. It has been recognized internationally as a regional leader in both in the quality of its services as well as introducing safety and technological advances to the industry.

Navipac is a third-generation company and its founder introduced the first petroleum refinery to Ecuador.

For more information please contact Navipac at bunkers@navipac.com or visit its website www.navipac.com

Disclaimer

This publication serves information purposes only and constitutes neither an offer to sell nor a solicitation to buy securities of Alternative Petroleum Technologies S.A. in any jurisdiction.

This publication also does not constitute an offer of securities for sale into the United States. Securities may not be offered or sold in the United States absent registration or any exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”). The securities of Alternative Petroleum Technologies S.A. described herein have not been and will not be registered under the US Securities Act and are not being and will not be offered or sold in the United States of America.

This publication is directed only at (I) persons who are outside the United Kingdom or (II) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”) or (III) high net worth companies and other persons to whom it may lawfully be committed falling within article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Order (all such persons together being referred to as “Relevant Persons”). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents.

This publication may contain forward-looking statements. These forward-looking statements concern the operations, prospects, plans, economic performance and financial condition of Alternative Petroleum Technologies S.A. Forward-looking statements are based on current estimates and assumptions made by Alternative Petroleum Technologies S.A. to the best of its present knowledge. Such forward-looking statements are based on assumptions and are subject to risks, uncertainties and other factors that could cause the actual financial condition and results of Alternative Petroleum Technologies S.A. to differ materially from and fail to meet the expectations expressed or implied by such forward-looking statements.

SOURCE Alternative Petroleum Technologies S.A.


Source: newswire