Axial Vector Energy Corporation announced this morning that its PETRO-AVEC LLC Joint Venture listed a matrix of active patent applications nearing allowance on its under-developed website, www.petroavec.com. Currently, there are over 1,500 claims patent pending in 42 countries.
United States Patent No. 7,081,196, the first patent awarded, protects the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation and the removal of all of the oxidized sulfur through hydrotreatment. European Union patents 1 635 924 B1 and 1 668 095/04 781 388.6 protect the process by which sulfur and nitrogen bearing compounds are removed from diesel oil through the use of sonic energy and an oxidizing agent. They also protect a related process for the removal of the resultant oxidized sulfur and nitrogen contaminants. The claims pending cover a wide range of processes involving the wellhead, pipeline and refinery.
Dr. Mark Cullen, Managing Director at Petrosonics, LLC stated, “While the process of intellectual property protection will continue for quite some time, we are encouraged with the quickening pace of new patent awards. At this point, we have achieved a critical mass of awards sufficient to prove exclusive ownership in a number of key countries but look forward to expanding protection around the globe.â€
He continued, â€œThird party analysis would seem to indicate that our process is measurably more effective than current technology, is less costly on both an acquisition and total cost of ownership basis and is, perhaps, the only technology available to achieve 5-8 PPM or less sulfur fuels. I find those advantages and the fact that we have a tested, commercial grade system vendor standing by particularly gratifying as we enter our licensing phase.”
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