LUXEMBOURG, Oct. 15 /PRNewswire-FirstCall/ -- Alternative Petroleum
Technologies S. A. ("APT") announced today it has executed a joint venture
agreement with Navipac S.A., one of the largest maritime fuel providers and
marine transporters of petroleum products on the West Coast of South America.
The joint venture agreement covers Ecuador and other countries in the Region.
Navipac recently completed a year-long evaluation of the APT Technology that
included testing in Navipac's stationary power generation and marine engines.
Ramon Espinel, General Manager of Navipac stated, "We are excited about the
economic and environmental benefits derived from the APT technology. We see
our relationship with APT as an important step for Navipac, Ecuador and its
neighboring countries to address the increasing challenges associated with
energy resource management and increasing emission controls in maritime and
heavy industries."
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