Clyvia Inc.
OTC Bulletin Board : CLYV

Clyvia Inc.

August 15, 2007 03:00 ET

Clyvia Receives Order for the Production of Five CL 500 Processing Plants

POINT ROBERTS, WASHINGTON--(Marketwire - Aug. 15, 2007) - Clyvia Inc. (OTCBB:CLYV) announced today that its wholly owned German subsidiary, Clyvia Technology GmbH ("Clyvia GmbH"), has entered into a contract for the production of 5 CL 500 processing installations to be based on Clyvia GmbH's fractional depolymerization technology. The contract, with Oeko + Bio Technologie AG ("Oeko Bio"), calls for the CL 500 plants to be designed for the purpose of processing used bilge oils produced by shipping boats on the Rhine river, and other forms of waste oil, into diesel and heating oil.

The contract with Oeko Bio calls for Clyvia GmbH to be paid a total of EUR 14,250,000 for the 5 CL 500 plants and for the preparation of documents necessary to obtain operating permits for the plants. The purchase price for the CL 500 plants is to be placed by Oeko Bio into a trust account, and released to Clyvia GmbH upon Clyvia GmbH demonstrating that it has achieved certain milestones. The exact timing for the delivery of the CL 500 plants has not yet been determined, however, Clyvia GmbH expects to receive a test batch of the bilge oils to be processed sometime in September.

Oeko Bio is a company based in Stuttgart, Germany, that focuses on environmentally friendly energy technologies. Oeko Bio is currently in the process of setting up an investment fund to finance the purchase price for the CL 500 plants ordered. Oeko Bio hopes to begin soliciting investors for its project sometime in the next 3 to 4 weeks.

Dr. Manfred Sappok, one of the managing directors of Clyvia GmbH, stated, "The contract is for a cluster of five installations which will come on stream one after the other and combine to form one large complex." Clyvia GmbH hopes to have the first plant commissioned sometime in April, 2008, with the remaining four plants being commissioned sequentially thereafter. Clyvia GmbH hopes to have the last of the ordered plants online by the end of 2008. Once all five modules have been completed, it is hoped that the entire facility will be capable of processing up to 20,000 tons of diesel or heating oil per year.

A final decision has not yet been made on the exact location of the installation complex. However, it is expected that the plants will be located on one of the main inland waterway harbours along the Rhine river between Duisburg and Koblenz. This is the region in which the bilge oil that is to be processed in the CL 500 plants is collected and is required to be disposed of. Bilge oil is a mixture of oil residues, fuel and water which collects in the bilge, the lowest point of the ship, and is then extracted by special bilge oil removal vessels.

The average volume of bilge oil generated by each inland waterway ship is approximately three tons, of which something like 15 % is pure waste oil. This is separated out by a special process directly on board the ship, so that it can then be made available for recycling. The process developed by Clyvia GmbH, which is similar to the cracking of crude oil, is ideal for this re-utilization because it represents a form of energy recovery which is both economically viable and environmentally friendly, making it an excellent example of a sustainable cycle of recoverable materials.

Clyvia Technology GmbH is a subsidiary of Clyvia Inc., a Nevada, USA corporation. Clyvia's shares are traded on the over-the-counter market in the United States (OTCBB:CLYV) as well as on the stock market in Frankfurt (WKN: A0F59X, ISIN: US18975K1088).

This Press Release may contain, in addition to historical information, forward-looking statements. These forward looking statements are based on management's expectations and beliefs, and may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. In particular, Oeko Bio's ability to pay the purchase price for the CL 500 plants ordered is contingent upon its raising sufficient financing. There are no assurances that Oeko Bio will be able to obtain financing in an amount that will enable it to meet its obligations under the purchase contract. In addition, there are no assurances that, even if Oeko Bio is able to pay the contracted purchase price, that Clyvia GmbH will be able to deliver the ordered plants as scheduled.

Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

CLYVIA INC.

WALTER P.W. NOTTER, Chief Executive Officer and President

Contact Information

  • Clyvia Inc.
    Walter P.W. Notter, Chief Executive Officer and President
    Contact on Press Materials
    (360) 306-0230
    or
    Clyvia Technology GmbH
    Dr. Manfred Sappok, Managing Director
    Contact on Technical Matters Related to the Technology
    02432-89 36 26
    02432-89 36 29 (FAX)
    Email: info@clyvia-tec.com