Cavitation Technologies, Inc. (OTCQB: CVAT) announced today that their strategic partner, Desmet Ballestra Group, has sold ~100 metric tons per day (MTPD) of the CTi Nano ReactorTM system in Vietnam. This is the first purchase in that country, and the tenth system sale in Asia.
Based on the USDA Foreign Agricultural Service GAIN report in 2016, Vietnam continues to rely heavily on imported crude and refined vegetable oils to meet the growing consumer demand. Domestically produced crude soybean oil has been available in the country only since 2011. CTi’s technology will help increase the market share for Vietnam and increase the yield of refined oil.
The additional benefits of processing vegetable oil using the CTI Nano Neutralization® process offers enhanced performance, lowered operating expenses, reduced environmental impact and exceptional oil quality, improved shelf life, reduction up to 90% of chemicals used in conventional edible oil refining process.
“We’re delighted to receive another purchase order from our strategic partner, Desmet Ballestra. The new system will be installed in Vietnam and it is the first of its kind in the country. Asia is a large growing market and we are excited to expand and install our tenth system,” commented CTi’s CFO and COO Mr. Voloshin.
The installation survey is currently underway and the installation of the Nano Reactor ™ system is anticipated in Q3 or Q4 of this year.
About CTi
Founded in 2007, the company designs and manufactures state-of-the-art, flow-through, devices and systems as well as develops processing technologies for use in edible oil refining, renewable fuel production, expeditious petroleum upgrading, algal oil extraction, alcoholic beverage enhancement, water treatment, and the extraction of cannabidiol (CBD). As an add-on to its existing neutralization systems, the company’s patented Nano Reactor™ allows refiners to significantly reduce both processing costs and environmental impact, while also increasing yield. http://www.ctinanotech.com/
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About Desmet Ballestra Group
The Desmet Ballestra Group provides engineering and supply of plants and equipment for the following industries worldwide:
– Oils and Fats and Animal Feed
– Detergents, Surfactants and related Chemicals
– Oleochemical and Biodiesel
Desmet Ballestra’s R&D Team is composed of professionals specialized in Oils and Fats, oleochemicals and chemical processes, using the most comprehensive set of technological resources and equipment. Controlled by Financière DSBG, a holding company based in Paris, France, the Desmet Ballestra Group is present in all major market areas of the world through its integrated business units located in Northern and Central America (USA, Mexico), South America (Argentina, Brazil, Colombia), Asia & Far East (PR China, Singapore, Malaysia), India and Europe (Belgium, Turkey, Russia, Spain).
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