TRU Economic Study
Jul 17, 2017
OTC Disclosure & News Service
Las Vegas, NV –
Las Vegas, Nevada, July 17, 2017 – Rival Technologies Inc. (Symbol: RVTI) announces that the company is completing an independently written economic and technical Study relating to TRU technology. The authors of the Study are recognized industry experts in heavy oil refining. Their work will provide the necessary technical details for Rival to start discussions with large producers, pipelines and government organizations. Details and excerpts of the Study will be released soon.
Rival will be using the Study to support near term objectives:
secure industry partners for commercial development of TRU; and
complete an independent valuation of TRU and financing of Rival.
Rivals TRU technology is a patented, partial upgrading technology for heavy oil. It produces a light synthetic crude oil that is more valuable and capable of meeting pipeline specifications, helping solve many issues faced by heavy oil producers and pipeline companies. The company estimates the economic value of its technology at approximately $10 per barrel, in an industry that produces and transports millions of barrels per day.
For more information see the companys website at www.rvti.com
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