Axial Vector Energy Corp. (AXVC.PK) JV Partner Awarded Key Patent in Indonesia
Axial Vector Energy Corp. announced that its PETRO AVEC JV partner, Petrosonics LLC, has been awarded a patent in Indonesia that 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. The patent will remain effective for 20 years. According to the Oil & Gas Journal, Indonesia had 4.3 billion barrels of proven oil reserves as of January 2007. Although Indonesian crude oils vary widely in quality, most streams have gravities in the 22 to 37 degrees API range. Indonesia's two main…