Rive Technology to Open Catalyst R&D Facility in New Jersey
Rive Technology, a developer of catalyst technology for the petroleum refining industry, has announced that it will commence operations of a 10,000-square-foot R&D facility in Monmouth Junction, New Jersey in November 2008.
Rive Technology said that it develops proprietary zeolite catalyst technology that expands characteristically small zeolite pores to enable the conversion of inexpensive, heavy crude oil into valuable, refined products such as transportation fuel.
Larry Evans, founder and CEO of Rive Technology, said: “We selected the Princeton, New Jersey area as the site for our R&D facility because of the large population of highly educated, experienced chemists and engineers in the area. The construction and operation of this facility represents an enormous investment by Rive Technology in the town of Monmouth and the state of New Jersey.”