Genoil is working with one of the largest global policy banks to create a new global consortium of people and companies to develop ten million barrels per day of oil production which will be profitable at today’s low oil prices. Founded in 1996, Genoil was a wholly owned subsidiary of Beau Canada, when Beau was acquired by Murphy Oil Corporation (MUR), Genoil was spun out as a separate company. We recently signed a $50 billion LOI to develop 3.5 million barrels per day of new oil production in Russia and Chechnya and to construct refineries and other energy infrastructure. This LOI was countersigned by Andrey Gusak (Андрей Гусак), the President of the Board of Directors of Grozneft, who was employed by Pavel Borodin in the administrative department of the Russian Federation. Pavel headed the Department of Presidential Affairs of The Russian Federation and ultimately hired Vladimir Putin.
We also recently furnished a Middle Eastern client with a $5 billion LOI from a leading policy bank who is much larger than The World Bank Group to fund the development of 3.5 million barrels per day of new oil production in that region. Genoil is spearheading this strategy and gained industry wide attention for securing these two significant LOI’s in the span of seven months. Genoil will implement our advanced hydroconversion fixed bed technology in both projects. Through strategic Chinese backing from partners like Beijing Petrochemical who have many years of operational experience, Genoil is also able to provide a full range of oil field services to clients from exploration through production, hydrocarbon recovery, and environmental services. By providing structured comprehensive complete solutions including the capability to arrange long term off-take agreements, Genoil can provide clients with more competitive business models than any other company, especially because of Genoil’s much lower overhead, and the importance of relationships and financing in today’s extremely challenging market environment. There are 900 billion barrels of sour, medium, and heavy or high carbon content oil reserves which pose dangerous environmental hazards due to their high levels of impurities. Upgrading and removing the impurities from crude oil streams is the world`s greatest environmental challenge and potential market opportunity estimated at over $45 trillion.
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Crystal Oily Water Separator
Manufactured by DongHwa Entec
Genoil 147 Acre Test & Technology Centre
Photos of The Genoil Technology Centre
GHU Hydroconversion Upgrader (GHU), is a proven patented process that greatly enhances the performance of a fixed bed reactor, increasing the rates of hydrodesulfurization (HDS up to 95%), hydrodemetalization (HDM 98%), hydrodegnitrogenation (HDN 53%) and overall performance and lowering costs by up to 75% over standard fixed bed hydrotreating and hydroconversion processes. These results were proved during long pilot plant test runs for Conoco Canada Ltd, with their engineers present at Conoco’s bitumen oil fields in Kerrobert, Saskatchewan. Pilot tests proving the same results were also conducted at our 147 acre test site in Two Hills, Alberta for Lukoil and other noteworthy clients. With a dramatically improved OPEX, customers can capture enormous profits giving them a huge advantage in the marketplace. The GHU can convert the 524 plus fraction by over 80% at the mild conditions of 745 F and 1600 psig and can reduce the acid number from 3.05 to .11.
Low Sulfur Fuel Oil – 0.1% and 0.5 % IMO LSFO : Utilizing the GHU technology around the world, Genoil can produce for the entire shipping industry consistent high quality ISO 8217:2010 compliant 0.1% & 0.5% LSFO (Fuel Oil) at a much lower cost, giving customers a huge competitive edge in the marketplace. Our goal is to meet worldwide demand and provide shipping companies with one standard product globally, that they are already familiar with. Our process is, environmentally friendly and implores latest fixed bed reactor technology. Since 1897, a variety of different hydro-processing technologies have been developed to enable refiners to meet the continuous tightening sulfur specifications imposed upon the industry. Genoil HDS achieves the best results in the world at greatly reduced costs.
Crystal Separation Technology : Crystal Separators exceed regulations by utilizing a filter-less operation, separating oil from water to below 2ppm! This design can be run continuously for years requiring NO down time and has the lowest cost of ownership on the market. Crystal is certified by the US Coast Guard and the American Bureau of Shipping. With no internal moving Crystal is designed to run 24 hours a day in the harshest environments. With an ultra-compact footprint Crystal is extremely customizable and can be utilized in a wide range of maritime and non maritime based applications. Request a quote
Genoil Latest News
Partners, Affiliates, Clients & Tests
- Beijing Petrochemical Engineering Corp (Division of Yanchang Group)
- Stone & Webster International (Shaw Group) Sold to Technip, 2012
- Conoco Canada Ltd. – download & view best test results in the world
- Lukoil Oil Company – incredible results achieved
- CNPC – China Petroleum Engineering & Construction Corp
- Hebei Zhongjie Petrochemical Group Co. Ltd.
- Fushun Research Institute of Petroleum and Petrochemicals