ORYXE Energy Plant Fully Operational Despite Hurricane Rita
Production at Pasadena, Texas Facility Unaffected by Deadly Hurricane Season; Steady Supply of Low-Emission Diesel Additive Assured
Irvine, Calif. – October 4, 2005 – ORYXE Energy International announced today that Hurricane Rita did not harm the company’s Pasadena, Texas plant used to produce its low-emission diesel additive, ORYXE LED.
ORYXE LED is the first additive to be approved by the Texas Commission on Environmental Quality (TCEQ) for use in alternative plans to meet the new Texas Low Emission Diesel (TxLED) rule. The rule requires on-road and off-road diesel sold in the state of Texas to meet strict environmental guidelines for emissions reductions beginning Oct. 1, 2005.
The Oct. 1 deadline has been delayed until midnight Oct. 21 by the Environmental Protection Agency, in order to give some fuel suppliers who were hit hard by the hurricane season a chance to get their companies back on track.
“Our Pasadena plant is fully operational, and we are making deliveries to our early adoption customers and those preparing for the new deadline,” said ORYXE Energy Chairman and Chief Executive Officer Walter Schindler. “The hurricane has not deterred us from our mission of making sure there will be an ample supply of Low-Emission Diesel throughout Texas.”
ORYXE Energy’s ORYXE LED plant guarantees a steady and abundant supply of additive to Texas diesel suppliers. The plant is the hub of a distribution area that includes 110 counties across Texas.
ORYXE LED’s approval by the TCEQ followed a rigorous engine testing protocol performed at the West Virginia University National Research Center for Alternative Fuels, Engines, and Emissions Laboratory, recognized by the Environmental Protection Agency and certified by the California Air Resources Board.
The tests were conducted under strict federal testing guidelines and procedures. The tests showed that ORYXE LED demonstrated a greater than 5.7 percent reduction in Oxides of Nitrogen (NOx), greater than 20 percent reduction in Total Hydrocarbons (THC), the main contributors to smog formation, and approximately 10 percent reduction in Carbon Monoxide (CO), a poisonous gas, all major concerns for Texas air quality stewards.
About ORYXE Energy
ORYXE Energy International, Inc., (www.oryxe-energy.com) based in Irvine, Calif., develops, certifies and distributes proprietary additives that improve fuel performance and reduce toxic emissions from the combustion of hydrocarbons, such as diesel fuel and gasoline. Founded in 2001, ORYXE Energy was named a Top 100 Innovator by Red Herring magazine in late-2004. The company holds one U.S. patent and has 13 patents pending.
Odyssey Venture Partners (www.odysseyventure.com) of Newport Beach, Calif., and Ridgewood Capital (www.ridgewoodcapital.com) of Ridgewood, N.J. are the lead venture capital investors in ORYXE Energy.
Forward-Looking Statements
Estimates, expectations and business plans are forward-looking statements. Actual future results, including product introduction schedules, market receptiveness, regulatory approvals and commercial viability, could differ materially due to changes in conditions affecting the industry, political, legal or regulatory developments, and market conditions.
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