OilPure Technologies targets Thai market

U.S.-based OilPure Technologies Inc. said it is targeting the Thai market and is optimistic about its prospects in Asia after its success in its home country. OilPure’s lubricant oil treatment technology was invented in Thailand, company officials said, but was first introduced in the U.S. The company removes contaminants and addresses oxidization in used lubricant oil, a procedure that makes the oil once again fit for use. According to company President Vichai Srimongkolkul, in the current economic downturn, competitiveness is a survival tool so any technology that saves costs should be successful. The company hopes to make its services available in Thailand by the end of 2009. (July 15, 2009)