October 9, 2008
Sonic Makes Heavy Oil Upgrading Purchase
Vancouver-based SONIC Technology Solutions Inc. has completed its agreement to purchase the intellectual property and patent rights to an oil upgrading oxidation chemistry by acquiring all of the issued and outstanding shares of Northern oil Research Technologies Inc., the Alberta-based company that developed the chemistry. NORT was able to demonstrate its upgrading process steps utilizing a number of Athabasca and Peace River crude heavy oils and also on international oil samples provided through SONIC. The NORT oxidation chemistry forms part of a complete upgrading process comprising de- asphalting, biological oxidation, chemical oxidation and solvent recovery stages.
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