THE GHU’S HEAVY OIL UPGRADING ADVANTAGE VS DELAYED COKING
| GHU® (Hydrogen Addition) |
Delayed Coking (Carbon Rejection) |
|
|
Residue Conversion
|
Up to 90%
|
70-85%
|
|
Temperatures
|
Low/Medium
|
High
|
|
Volume Output
|
100-104%
|
75-80%
|
|
Coke production
|
0%
|
20-25%
|
|
Desulphurization (1)
|
>99.5%
|
37%
|
|
Hydrotreating
|
Process includes hydrotreating
|
Needs further hydrotreating
|
|
Capital Cost
|
$7,000 – 12,000 per barrel
|
$8,000 – 14,000 per barrel
|
|
Equipment
|
Fewer Processes
|
More Processes
|
|
Water usage
|
15-20% less than Coking or Air Cooled
|
|
|
Natural gas usage
|
Optional or None
|
Yes
|
|
IRR (2)
|
28%
|
18%
|
GHU® OFFERS UNMATCHED ADVANTAGES:
Petoleum Demand Grows & Genoil Has The Complete Heavy Oil Solution:
The lack of ability to find enough light oil to replace depleted light oil reserves has caused a monumental shift in the future of oil production. Combined with soaring worldwide demand, the oil world is facing an unprecedented change in production to medium and heavy crude oil. The world is beginning to run on heavier crude oils. Genoil is the solution.
2010 projected petroleum demand is 86.6 million bpd, an increase of 1.9 million bpd year-on-year, and 87.9 million bpd in 2011. It is estimated that the growth in crude supplies will continue to 95 mbpd in 2020. The recent rebound of crude prices has generated interest in oil fields previously deemed uneconomical. It obvious that the increasing supply can only be found in non traditional sources, the most common being Arab Heavy. These supplies have not been exploited because there was no need to do so. But due to the demand that is increasing every day, the heavy oil is starting to now come online.
There are many different ways to upgrade or treat heavy oil. But no technology can match the GHU innovations. The GHU requires no outside sources of hydrogen or natural gas. Our competition does, and because of the fact that most heavy deposits are located in places where there is no supply of natural gas or hydrogen, Genoil is the only solution. The Genoil GHU does not detract from the original product. One barrel going in comes out as more than a barrel. Our process actually increases the amount of oil, and drastically decreases the carbon ratio. GHU is the leading Carbon Reduction technology in the world today.
Canadian Heavy Oil Resources:
The western Canadian Sedimentary Basin contains up to 30 billion barrels of heavy oil. Two thirds of these resources, 19 billion barrels, are located in the heavy oil reservoirs of Lloydminster. Therefore the Lloydminster area has a strategic importance for the energy secotor in Canada as heavy oil production accounts for almost 20% of the total Canadian oil production. The Lloydminster reservoirs have relatively clean fine sand unconsolidated bodies with perosities ranging from 29-35%. These relatively shallow reservoirs have API gravities ranging from 13-17 API. See David Lifschultz Interview
The Environmental Advantage from Heavy Oil:
No technology can remove sulfur from the crude oil as economically as the GHU while at the same time drastically reducing carbon. With 99.5% desulfurization rate, the GHU achieves unparalleled sulfur removal as much as 75% less than it's competitors cost. Since petroleum often contains sulfur compounds and high amounts of carbon, their combustion generates sulfur dioxide unless the sulfur compounds are removed before combustion. Acid rain caused by the emission of compounds of ammonium, carbon, nitrogen, and sulfur which react with the water molecules in the atmosphere to produce acids. Governments around the world are desperately looking for inexpensive ways to reduce the sulfur dioxide emitted into the atmosphere. With the growth of India & China industrialized acid rain is becoming a larger global problem.
Worldwide Sulfur Regulatory Trends; Heading to "Zero":
USA Sulfur Regulation:
European Union Sulfur Regulation:
Swedish Sulfur Regulation:
Central & Eastern Europe:
Pipelines must lower their sulfur specifications.
We are an all in one solution whose technology could be applied to other sour and heavy oil reservoirs around the world no matter how isolated and remote they are. Sour and Heavy oil is currently found in:
Oil companies and governments around the world have to come to Genoil to solve their heavy oil concerns and environmental concerns. Please contact us for more information. Genoil's GHU is the only hydrocracking technology that doesn't require an external source of natural gas, which gives Genoil the competitive advantage anywhere in the world.FAQ's