date:Feb 05, 2013
Desmet Ballestra, a supplier of plants and equipment and licensee of CTi's vegetable oil refining technology, has entered into a sales agreement with a refinery in Argentina that produces vegetable oil.
As per the terms of the agreement, Desmet Ballestra will install CTi's system that is capable of processing 300 tons oil daily. This system will be installed in the third fiscal quarter of 2013.
CTi received initial down payment in second quarter of the current fiscal year while the company exp