September 17, 2009 (FinancialWire) — SulphCo, Inc. (NYSE AMEX: SUF), a technology company with a patented ultrasound process designed to desulfurize crude oil products and crude oil, has entered into a letter of intent with Laguna Development Corp. to move toward the commercial installation of SulphCo’s desulfurization technology.

Under the terms of the LOI, Laguna has agreed to evaluate SulphCo’s Sonocracking technology to reduce the sulfur content of the diesel stream produced at Laguna’s New Mexico trans-mix facility to reach ultra-low sulfur diesel requirements that Laguna will be required to meet beginning in June 2010. Upon achievement of agreed upon technical requirements to produce ultra-low sulfur diesel, SulphCo and Laguna intend to enter into a commercial arrangement for the installation and operation of a SulphCo Sonocracking unit at Laguna’s facilities.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.