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Petroldragon

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Petroldragon was an environmental technology company, which during the 1990s aimed to develop oil, coal, and gas from organic waste. It was founded by, and used patents of Andrea Rossi. In the 1990s Andrea Rossi was jailed for environmental crimes and tax fraud, serving time in prison. He was later acquitted.

History

In family-owned plant “La Metallotecnica”, Rossi created the “Dragon” division, which specialized in the production of waste incinerators with energy recovery, and of smoke purification plants. For which he obtained patents. News of the Rossi procedure was reported by major Italian newspapers.

Jimmy Carter showed his interest in the technology, and offered Rossi a permanent entry visa to the United States. After ten months’ work and a financial investment of half a billion Lire, Petroldragon had a facility that produced twenty tons of fuel oil a day, transforming one hundred tons of organic waste.

In the early 1990s the company was disbanded following accusations of dumping environmental toxins, as well as tax fraud. Its assets were seized, together with Rossi's personal assets, and Andrea Rossi was arrested and imprisoned. Subsequently released, Rossi emigrated to the United States, and went on to found Leonardo Technology Incorporated. More than 10 years after his imprisonment, Rossi was acquitted.

See also

References

  1. ^ "New Energy Times - Andrea Rossi's Petroldragon Story". Retrieved 2011-10-29.
  2. ^ http://archiviostorico.corriere.it/2004/novembre/27/Riciclaggio_rifiuti_tossici_Assolto_Andrea_co_7_041127020.shtml
  3. ^ http://www.silviaferretto.it/site/contenuti/attivita_politica/articoli/2004/04_11_27_corriere.jpg
  4. Il Fatto Quotidiano http://www.ilfattoquotidiano.it/2011/11/09/fusione-fredda-fatta-casa-bufala-rivoluzione/169534/

External links

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