CASSANDRA OIL (CASO.ST) BREAKTHROUGH AND WRITE HISTORY Today 20 DEC 2012th
Thursday, December 20, 2012 was written a new chapter in Swedish industrial history when the company produced the first batch of oil from car tires.
I am very satisfied with the development of Cassandra Oil in 2012 and what we have achieved in a relatively short time. 2013 promises to be a busy but exciting year in which we will focus on building a
production capacity to meet market imperatives and expectations.
The management team is strengthened with Bo-Göran Ulfberg
Bo-Göran Ulfberg, former CEO of Volvo Construction Equipment Component AB
Cassandra Oil in collaboration with dt state oil company PDVSA Venzuelas
Venezuela’s state oil giant was last week with Cassandra. To clean up the thousands scrapoljesjöar you have over the country want to have six plants as soon as possible and 54 as soon as they can get. Agreements with Venezuela’s giant oil company for 40/60 JV. Payments are partly upfront – ie CASO need no new corp money.
From early autumn is the motto one plant per week will be heading out into the world. Maybe it has 200 employees in just over 2 years. Diesel Product Price maybe 125 usd / barrel – inkostnadspris spins around the 25th
”Venezuela’s oil reserves belong to the world’s largest, but it is of great
proportion of heavy oil in various ways need to be treated to be extracted and transported. That’s where we come into the picture. PDVSA shows great confidence in our technology and our cooperation is a priority in their organization. PDVSA made clear during our visit that as soon as the initial target of 1,000 barrels of oil per day is reached immediately want to move on Moch increase production to 10,000 barrels of oil per day. This bodes well for Cassandra Oil and we should, if all goes without a hitch to begin production in Venezuela during the second half of 2013, ”said Cassandra Oil’s founder Anders Olsson.
Cassandra and Sevens Star in Turkey form a joint venture for setting up Cassandra’s technology in Turkey and the United Arab Emirates and for further expansion in the Middle East.
Sevens Star, based in Turkey, is part of a business group in the Middle East with interests in areas such as banking and finance, oil and commodity trading, oil refineries and shipping.
Even people from Iraq’s oil ministries have visited Cassandra in Sweden and shown great interest!
Although many other around the world have shown interest in Cassandra Oil.
Cassandra Oil may become the winner in 2013 in the stock market which conquers the world more and more. There is a huge interest in the company in the world and we get to hear much news from the company 2013th
Two new patent applications filed in Sweden and the U.S.
Cassandra Oil has filed two additional patent applications with both
apparatus claim which method claim. Patent applications covering a total of 94 primary and
the requirements and submitted separately in Sweden and USA.
A brand new Swedish oil companies have seen the light – Cassandra Oil. Oil man and inventor, Anders Olsson has developed a catalytic cracker, which makes oil from old tires and plastic bags.
The founder, Anders Olsson with extensive experience in the oil industry in Brazil and the Middle East. He has been the agent of the Brazilian oil company Petrobras remediation technology in the Middle East.
He has in recent years with evaluation of various techniques of oil recovery to solve the problem of the large oil lakes of heavy oil in the Middle East.
In 2010 he applied for a patent on its proprietary technology based on ”thermal depolymerization by friction, fluid-bed operation and the catalytic effect.”
Ragnsells, Europe’s largest recycler of tires supply the raw materials and Nordkalk buys the finished oil to use in their energy-consuming lime production.
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