Arisdyne and ExxonMobil Sign Agreement
CLINTON, N.J., Jan 07, 2015 (BUSINESS WIRE) -- ExxonMobil Research and Engineering Company (EMRE) has signed a Joint Development Agreement with Arisdyne Systems Inc. (Arisdyne) to jointly develop and commercialize new applications based on Arisdyne’s Controlled Flow Cavitation (CFC™) Technology for the production of petroleum-based fuels, lubricants and chemicals. CFC™ can provide high shear forces used for superior mixing and creation of localized thermal energy.
“EMRE and Arisdyne are combining our strengths in petroleum processing technology to produce an industry-leading cavitation process to address today's challenges across our Upstream, Downstream, and Chemicals business lines," said Vijay Swarup, Vice President Research and Development at EMRE. "We are optimistic that this technology will make an important contribution to improve today’s global petroleum processing."
Arisdyne is a Cleveland, Ohio-based company that is a leading provider of hydrodynamic cavitation equipment. Early Stage Partners Managing Director Jim Petras led the investment in Arisdyne. Read more...
Find Out More About ESP
Jim Petras, Managing Director, manages the Arisdyne investment.