LARGO VISTA IN VIETNAM PETRO WASTE PROJECT
NEWPORT BEACH - 12/01/03 - The Largo Vista Group Ltd. has signed an agent agreement with the consortium formed by Florida-headquartered UEM Inc. and Arrow Ecology Ltd., an environmental services and wastewater treatment company headquartered in Haifa, Israel, to provide specific business consultation services to support the consortium's bid to construct a major petroleum waste treatment plant in Vietnam.
The so-called Petro-Vietnam project will supply a complete incinerating system and subsystem for treating both wastewater and waste gas. When built, the completed plant will be the first multi-million dollar petroleum waste treatment plant to be built in Vietnam.
According to Largo Vista, there is much oil exploration in the country today, with expectations for significant income from exporting crude oil. Wastes from this industry will include oil and industrial wastes, municipal solid and liquid wastes gathered from oil rigs, tankers, processing plants and oil prospecting and exploring.
Major worldwide oil companies are involved in the waste treatment facility project which will be located in Vietnam's Vung Tau province.
Largo Vista Group Ltd. distributes liquid petroleum gas (LPG) in southwest China, "providing the region government with cost effective energy that is an environmentally beneficial alternative to the traditional use of coal and wood," said a company spokesman.
The company, headquartered in Newport Beach, maintains offices in both Vietnam and China.
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