Axial Vector Energy Corp. (AXVC.PK) JV Partner Awarded Patent in Mexico
Axial Vector Energy Corp. announced this morning that its PETRO AVEC JV partner, Petrosonics LLC, was awarded a patent in Mexico. This patent protects the process of removing sulfur from all types of crude oil fractions through sonic energy, oxidation as well as the removal of all of the oxidized sulfur through hydrotreatment. The patent will remain effective for 20 years. According to the Oil and Gas Journal (OGJ), Mexico had 10.5 billion barrels of proven oil reserves as of the first of this year. Most reserves consist of heavy crude oil varieties, with a specific gravity of less than…