A Detailed Look at Axial Vector Energy Corp.’s (AXVC.PK) Joint Venture with Petrosonics
Axial Vector Energy Corp. (AXVC.PK) announced this week that it has teamed up with privately held Petrosonics, LLC, of Reno, Nevada, to develop and market Petrosonics’ sulfur removal technology. Axial’s wholly owned subsidiary, AVEC Acquisitions, represents Axial’s side of the joint venture, and will contribute an initial $6.8 million. The joint venture will be named Petro-AVEC, and will focus on the global refining industry, while continuing development of proprietary technology for the treatment of sour crude oil. Axial Vector, commonly referred to as AVEC, is best known for the development and licensing of its revolutionary internal combustion engine and electric…