Axial Vector Energy Corp. (AXVC.PK) Petro-AVEC JV Working to Distribute Patented Technology Worldwide
Axial Vector Energy (AXVC.PK) was pleased to announce recently that its wholly-owned subsidiary, AVEC Acquisitions Corporation, and Petrosonics LLC have entered into a joint venture agreement. Petro-AVEC, the official name of the new joint venture, will bring key members from both companies together in an effort to develop, finance, and market Petrosonics’ sulfur removal technology worldwide. Petrosonics has developed a technology that increases the amount of refined product extracted from a barrel of oil. With a moderate temperature and atmospheric pressurized environment, a high-powered ultrasound is used to reduce the amount of sulfur, nitrogen, and trace metals typically found in…