Genoil recently furnished a Middle Eastern client with a $5 billion LOI from a leading Chinese bank who is much larger than The World Bank Group. This demonstrates Genoil’s ability to raise 100% financing although $5 billion is only the first phase of the estimated $35-50 billion dollar project. In addition to funding, Genoil will provide it’s world leading hydroconversion fixed bed technology. 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 clients with structured comprehensive financing from strong institutions including the capability to arrange long term off-take agreements, Genoil is better able to develop significant projects than any other company, especially because of Genoil’s much lower overhead, and the importance of financing in today’s extremely challenging market environment. With well over 900 billion barrels of medium and heavy oil reserves that need to be upgraded, this is the world`s largest potential market opportunity – estimated at over $45 trillion.
GHU Hydroconversion Upgrader (GHU), achieves the best hydrodesulfurization (HDS), hydrodemetalization (HDM), hydrodegnitrogenation (HDN) performance of any fixed bed reactor technology in the world. Our process can desulfurize residue and heavier crude by over 95% which was demonstrated during long pilot plant test runs for Conoco Canada Ltd’s engineers present at their bitumen oil fields in Kerrobert, Saskatchewan. Pilot tests were also conducted at our 147 acre test site in Two Hills, Alberta for Lukoil and other noteworthy clients. With an extremely low OPEX of 75% less than the competition, the GHU can capture enormous profits for producers and unparalleled savings for consumers. Our patented process vastly improves the efficiency & performance of the fixed bed reactor – achieving a much greater desulfurization rate of (95+%), demetalization (98%), denitrogenation (53%) and a 92% pitch conversion rate over standard fixed bed hydrotreating and hydroconversion processes. 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 : Genoil can supply ultra low cost consistent quality ISO 8217:2010 compliant 0.1% & 0.5% LSFO worldwide to the shipping industry. 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 is improves the 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 a greatly reduced cost.
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
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