Clean Energy and Power to acquire Pacific Oil Products
In Rhode Island, Clean Energy and Power announced that it has signed an LOI to acquire 100% of the assets of Pacific Oil Products which includes the proprietary technology needed to extract oil from the various oil producing feedstock and the management team that designed the equipment enabling the cost effective commercialization of oil extraction.
Pacific Oil Products is the worldwide distributor of J-model (Jatropha oil), A-model (algae oil) and P-model (palm oil) presses. Clients include the world’s largest plant oil producer, the world’s 3 largest Jatropha oil producers and the world’s 2 largest algae oil producers. “We have redesigned the extraction method of the base machine that is manufactured in Sweden and added our own proprietary technology to ensure quality and that maximum oil will be extracted properly and efficiently,” stated David Gair, current president of Pacific Oil Products and now Chief Technology Officer for this new division of Clean Energy and Power.
Category: Fuels
