14:35:07 EDT Tue 16 Apr 2024
Enter Symbol
or Name
USA
CA



Robix Alternative Fuels Inc
Symbol RZX
Shares Issued 16,691,103
Close 2015-05-04 C$ 0.29
Market Cap C$ 4,840,420
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Robix Alternative may introduce Clean Ocean to Mexico

2015-05-04 08:18 ET - News Release

Mr. Nathan Hansen reports

ROBIX SIGNS LOI WITH PETROLMECA S.A. DE C.V. TO JOINTLY MARKET THE COV IN MEXICO

Robix Alternative Fuels Inc.'s Mexican subsidiary, Corris Technologies Mexico SA de CV, has entered into a non-binding letter of intent (LOI) with Petrolmeca SA de CV. Petrolmeca was created in 2004 and maintains a permanent staff of 33 specialists in multiple engineering disciplines. Since inception, it has developed several projects for Pemex, both onshore and offshore. To date Petrolmeca has executed projects valued at more than $118-million (U.S.), mainly in the development of basic and detailed engineering plans for the expansion of infrastructure, modernization and rehabilitation of offshore platforms as well as land and marine terminals of Dos Bocas, Tabasco. For more information on Petrolmeca please see "About Petrolmeca" below.

The purpose of the LOI is to reflect the desire of the parties to agree upon the terms of a commercial transaction, whereby Robix's Clean Ocean Vessel (COV) technology will be introduced to Mexico and utilized for oil spill recovery and remediation, with the initial area of focus being the state of Tabasco.

Tabasco is a significant oil-producing region of Mexico and as such hosts a large system of petroleum-bearing pipelines throughout the region. In April, the state of Tabasco launched an emergency plan to supply drinking water to its capital city of Villahermosa after rivers that normally supply the city became contaminated by oil leaking from punctured pipelines. Oil spill contamination of rivers resulting from punctured pipelines has become a recurring problem in this region. Robix believes that the 10-foot COV is an ideal unit to service such rivers, as it is small and nimble and can easily manoeuvre river systems to contain and recover spilled petroleum. To date, Robix has focused on deploying the COV to clean up oils spills that occur in oceans or petroleum products in tailings ponds. River systems represent a new market application for the COV technology.

For more information on Corris and the COV please visit the newly launched website.

About Petrolmeca

Petrolmeca is an engineering services company that offers professional services in project management and in the execution of comprehensive projects, including feasibility studies, operation of industrial plants, development of basic and detailed engineering reports, technical support, construction supervision and creation of electronic 3-D and 2-D models.

In March, 2015, a co-operation agreement was signed with the Instituto Tecnologico Superior de Comalcalco (ITSC) (Higher Technological Institute of Comalcalco) to jointly develop the basic and detailed engineering of relevant projects for Pemex-Refining. Petrolmeca's central offices are located in Ciudad del Carmen, Campeche and are used by Pemex as a strategic point to provide services required for the daily operation of offshore installations in the Bay of Campeche. Petrolmeca also has offices in Paraiso, Tabasco, Poza Rica, Veracruz and Mexico City.

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