Cavitation Technologies, Inc. (CTi), received a new purchase order from Desmet Ballestra Group, CTi's strategic partner and licensee of the company's vegetable oil refining technology since 2010.
CTi Nano ReactorTM systems are to be installed for use in soybean oil refineries in Thailand approximately 700 and 400 tpd. The company anticipates the systems installations to be completed in the company's fiscal fourth quarter 2017 (4Q17) and receive approximately US$500 000 in revenue.
Cavitation Technologies, Inc COO/CFO N.D.Voloshin said, "For the past 6 years, our continuous R&D and business relationship with Desmet Ballestra has been steadily growing and through a dedicated and focused approach to integrate CTi's nano technology to customers worldwide, this latest order comes from the soybean oil refinery in Thailand, our company's first system installation in the country."
Read the article online at: https://www.hydrocarbonengineering.com/refining/31012017/cavitation-receives-purchase-orders/