Released on: May 23, 2008, 4:55 am

Press Release Author: Additron Technologies Inc.

Industry:

Press Release Summary: Asian Demand for Fuel Sparks Massive International Joint
Ventures
A Tokyo Publishing Group Report
by S. B. Kearnsy,


Press Release Body: In Guangdong province, China, there has been an explosive growth
in the number of vehicles on the road. At the turn of the century, there were 1.9
million cars. Now, there are over 5.7 million cars.

That's an amazing growth of 20% every year!
This growth actually accounts for 80% of the growth in oil consumption in Guangdong
province, and oil consumption has increased at an annual rate of 8% in the same time
frame. That means oil consumption has jumped from 8.7 million tons to 16 million
tons.

Now, while Chinese oil consumption growth as a whole has been averaging 7% a year
for the past 10 years, Chinese domestic oil production has only grown 1.7% a year.

China's facing a great supply gap, and it needs to import oil and refined products
to keep up with demand. In fact, Sinopec (SHI:NYSE) has just imported 900,000 tons
of diesel to meet demand, and this comes just one month after Sinopec imported
600,000 tons of gasoline.

This explanation from Industrial Information Resources sums it up nicely: "According
to industry insiders, the recent international crude oil price hike has forced many
small and medium Chinese refineries to stop production; however, China's domestic
oil consumption is entering its peak season. Therefore, the gap between refined oil
supply and demand has been widening." The current price of Oil has topped $127 per
barrel. Who thought it would ever reach those highs. All indications are we will see
$200 per barrel by the end of 2008.

Oil and Petrochemical Investments: You Can't Stop a Train

With China's GDP growth continuing to soar, and with the Chinese middle class
growing by leaps and bounds, oil demand is like a train barreling down the tracks:
You just can't stop it.

Without an increase in domestic production, China will continue to import oil and
fuel alike, particularly if oil prices remain high.
A five-part joint venture worth $6 billion has just been established to build a CTL
Coal to Synthetic Oil refinery and petrochemical complex in Vizag, India. The five
partners are Hindustan Petroleum, Mittal Investments, Total (TOT:NYSE), GAIL
(India's state-owned gas utility) and Oil India.

China's Additron Technologies, leaders in CTL processing with their Propriety
formula which reduces carbon emissions on production by 80% are sure to be the
preferred choice of technology partner.

This $6 billion CTL Oil refinery and petrochemical complex will produce 1 million
tons of petrochemicals a year.
Compared to world-class refineries, like those of Valero (VLO:NYSE), this one's big.
VLO's largest refinery complex in Corpus Christi refines about 340,000 barrels a
day. The Vizag complex will refine the equivalent of 310,000 barrels a day.



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