26.10.2017

Institute of Petroleum Refining and Petrochemistry, Genoil Inc. and the OJS VNIIUS Institute lo to establish a world class research and engineering partnership

Institute of Petroleum Refining and Petrochemistry, Genoil Inc. of Canada and the OJS <VNIIUS> Institute, located in Tatarstan, Russia to establish a world class research and engineering partnership. The parties will research, develop and market cutting-edge technologies and patents both in the Americas and globally. The partnership will focus on the petrochemistry, petroleum refining and gas chemistry industries where, through joint co-operation and a wide base of expertise, the parties саn add significant value to client proposals. \  This tripartite partnership combines Genoil's leading sulfur removal GHU technology with the UFA's patents combined with the latest and most advanced scientific pilot testing equipment and R&D center in the world, utilizing the sophisticated and cutting-edge equipment and tools of the respective Institutes. Genoil's GHU is an advanced upgrading and desulphurization technology, which converts heavy or sour crude oil into much more valuable low sulfur oil, for a low cost. The parties will work to jointly market each other's patents and technologies to clients.

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