SELLERSVILLE, Pa., Dec. 29, 2005 (PRIMEZONE) -- Delta Mutual, Inc. (OTCBB:DLTM), specializing in energy recovery and construction services through environmentally-friendly technologies and products, today announced the successful start of operations at the Company's first permanent oil sludge processing facility in Indonesia through its Delta-Envirotech subsidiary's local joint venture, PT. Tryhuda-Envirotech.
This initial unit is addressing the environmental concerns of contamination from oil sludge currently contained in pits. The oil recovered from the processed sludge will be returned to the refinery and the wastewater directed to the refinery's wastewater treatment facility.
Peter Russo, President and CEO, commented, "Through this agreement with Pertamina, the State-owned oil company in Indonesia, oil sludge, an ongoing by-product of refineries and present in oil storage tanks, can now be processed 24 hours a day, 6 days a week. The new facility, which commenced production on December 15, 2005, can process up to 200 metric tons of oil sludge per day, and processes and separates the sludge into low-grade oil and wastewater. The daily amount processed is conditioned by the density of the sludge. Tryhuda-Envirotech has received all the environmental approvals necessary to operate the permanent installation."
Russo went on to say "This facility marks the beginning implementation of our long-term strategic presence in Indonesia with our partner, Tryhuda. There are a total of six refineries in the region that generate an estimated 8,000 to 10,000 metric tons of oil sludge per month. We see this facility as a springboard for additional units to process sludge, and for the implementation and development of new environmentally related technologies." The Company expects that this facility and the methods of processing sludge and environmental restoration will become the standard for other areas and regions.
About Delta Mutual
Delta Mutual, Inc. specializes in energy recovery and construction services through environmentally-friendly technologies and products currently operating through joint ventures in the Middle East, Far East and Puerto Rico. Delta employs technologies that efficiently recover energy sources from soil, water and other waste streams while simultaneously improving existing environmental conditions. The Company also employs an energy efficient building material system for construction projects that are initially taking place in Puerto Rico. Delta can now provide its patent pending Delta Wall, a cost-effective and energy-efficient building system. www.deltamutual.com
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Forward Looking Statement
This Press Release contains forward-looking statements that involve risks and uncertainties, which may include statements about business strategy and development plans, plans for entering into new business, anticipated sources of funds, including the proceeds from future operations and plans, objectives, expectations and intentions contained in this Press Release that are not historical facts including "We see this facility as a springboard for additional units to process sludge and the implementation and development of new environmentally related technologies." Risk factors associated with these forward-looking statements include: Capital to finance the facility, government approvals, the market for crude oil, processing efficiency, doing business in Indonesia and other risk factors as outlined in the Company's SEC filings. Because these forward-looking statements involve risks and uncertainties, actual results could differ materially from those discussed in this Press Release. These risks are outlined in our SEC filings.