PetroLuxus™ - AquaLuxus® - ChloroLuxus™ Oil/Water Technologies Have a New Home
HOUSTON – March 21, 2019 – More than fifteen years ago, a promising technology was developed that would help shape and possibly offer a paradigm shift in the way the oil and gas and associated water industries currently recover, process and remediate the oil and water industries. Those proprietary products later became known as PetroLuxus™ – AquaLuxus® – ChloroLuxus™.
PetroLuxus™ had a unique affinity for hydrocarbons that disperses rapidly upon treatment eliminating the interfacial surface tension between hydrocarbons and all matter it contacts including sand, clay, rock, shale. The elimination of surface tension permitted oil and non-hydrocarbon material to separate resulting in a stratification of materials by specific gravity. Segregation by specific gravity facilitates efficient extraction of the desired petroleum components.
AquaLuxus® is technology for the Rehabilitation of Ground Water Wells. It had been certified as a, NSF/ANSI 60. The liquid well cleaning solution, for the use in new and existing groundwater wells, improves water production, water clarity and mitigates microbial growth on well screens, gravel packs and aquifers. AquaLuxus® injected down hole on new and existing wells coats metal and mineral surfaces with a molecular barrier that reduces corrosion and deters bacterial growth. AquaLuxus® also reduces the unpleasant odor caused by high levels of sulfur compounds found in some wells.
ChloroLuxus™ is a relatively new technology that was developed by the predecessor company and acts as a chloride reducing solution for the Oil & Gas Industry. According to a press release issued by the predecessor company, the product line provides an economical solution for the Oil and Gas producers around the globe that harvest high chloride count crude oil. For a cost of less than $1 per barrel, ChloroLuxus™ can increase the price of this oil by $5 to $15 per barrel through the use of the product. High salt content crude oil is penalized $5 to $15 per barrel from the spot market price. This is due to the severe problems that arise in the refining process. The corrosive nature of salt fouls, deteriorates metals and plugs equipment contaminating the refining process.
In January of 2019 Ascension Technologies, Inc. was assigned the Technology product family commonly known as PetroLuxus™ including the trade names and underlying trade secrets of the PetroLuxus™, AquaLuxus® and ChloroLuxus™ technologies.
There is much anticipation having PetroLuxus™, AquaLuxus®, and ChloroLuxus™ ready for market by early summer of 2019 will result in immediate market penetration.
The Company has been quietly assembling a management team consisting of Oil & Gas and business management professionals. He has also formed a new corporation and begun working on website and marketing materials, setting about and planning for establishing production facilities and relationships and gearing up for a robust launch back into the market and has taken office space and a corporate phone number to run the new operation from Houston Texas.
The Company has received many calls of interest in becoming clients or distributors and general users of the product lines. The newly assembled team looks forward bringing these products back to market and establishing a new revenue streams for these technologies.