Expander Energy’s FTCrude process, which involves the manufacturing of clean-burning synthetic fuels and the grading of heavy oil and bitumen, is now patented, according to a company release.
The process reduces CO2 emissions by more than 50% in the production of heavy oil and bitumen, and production yield is increased to more than 130% compared to conventional coking yields of 82%, the company said.
During the process, the release said, carbon is turned into high-quality fuel instead of being stored as petcoke or released into the atmosphere as CO2 emissions. The FTCrude process manages and retains carbon within the system, eliminating low-value byproducts of petcoke and heavy oil residuals. An additional byproduct is industrial-grade-process water.
Recommended Reading
Guyana’s Stabroek Boosts Production as Chevron Watches, Waits
2024-04-25 - Chevron Corp.’s planned $53 billion acquisition of Hess Corp. could potentially close in 2025, but in the meantime, the California-based energy giant is in a “read only” mode as an Exxon Mobil-led consortium boosts Guyana production.
US Interior Department Releases Offshore Wind Lease Schedule
2024-04-24 - The U.S. Interior Department’s schedule includes up to a dozen lease sales through 2028 for offshore wind, compared to three for oil and gas lease sales through 2029.
Mexico Presidential Hopeful Sheinbaum Emphasizes Energy Sovereignty
2024-04-24 - Claudia Sheinbaum, vying to becoming Mexico’s next president this summer, says she isn’t in favor of an absolute privatization of the energy sector but she isn’t against private investments either.
Venture Global Gets FERC Nod to Process Gas for LNG
2024-04-23 - Venture Global’s massive export terminal will change natural gas flows across the Gulf of Mexico but its Plaquemines LNG export terminal may still be years away from delivering LNG to long-term customers.