• Sign up for the Daily Digest E-mail
Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Metals miner Sherritt says it has developed oilsands partial upgrading technology

May 7, 20182:54 PM The Canadian Press0 Comments

CALGARY – Toronto-based miner Sherritt International Corp. says it has developed a partial upgrading technology for the oilsands that could qualify for a $1-billion incentive program recently announced by the Alberta government.

CEO David Pathe says the company has completed successful laboratory testing of the process at its facility in Fort Saskatchewan, Alta., and is now looking for an industry partner to help test it on a larger scale.

The technology borrows from Sherritt’s research into the use of autoclaves, containers for chemical reactions using high pressure and temperatures, in metals processing.

Pathe says the process involves stirring hydrogen into the bitumen under pressure at high temperature in the presence of a proprietary catalyst to create a lighter barrel of oil that will flow in a pipeline without being diluted.

Diluent is expensive and takes away precious export pipeline space for Alberta’s growing production of bitumen.

That’s why Alberta announced in February a $1-billion loan guarantee and grant program to begin next year through which it hopes to attract two to five partial bitumen upgrading facilities worth $5 billion in private investment.

“One of the advantages of our (technology) is that it’s not like other partial upgrading where you leave behind large volumes of low-quality slag or coke,” said Pathe.

“Instead of stripping out low-grade carbon, we’re adding hydrogen and actually maintaining the liquid volumes.”

He says the resulting product will likely command a premium price because it will contain less sulphur and heavy metals.

The company is active in several resource industries, primarily in Madagascar and in Cuba, where it has nickel and oil operations.

Companies in this story: (TSX:S)

Follow the BOE Report
  • linkedin
  • facebook
  • twitter
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Cardinal announces its 2021 operating and capital budget focused on continued debt reduction and asset optimization
  • Newfoundland government to fund refinery as search for buyer continues
  • Canada’s rig count up 11 to 181
  • U.S. drillers add oil and gas rigs for 8th week in a row
  • Oil falls as China lockdown, U.S. unemployment temper gains

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView

About
  • About BOEReport.com
  • In the News
  • Terms of Use
  • Privacy Policy
Resources
  • App
  • Widgets
  • Notifications
  • Daily Digest E-mail
Get In Touch
  • Advertise
  • Post a Job
  • Contribute
  • Contact
Featured In
  • CamTrader
  • Rigger Talk
Data Partner
  • Foxterra
BOE Network
© 2021 Grobes Media Inc.