March 2014

Refining Developments

Convert heavy oil residue into synthetic fuel

Over the past several decades, oil extractors and refiners have been maximizing the production of easy-to-drill, high-quality light sweet oil, mostly concentrated on the Arabian Peninsula. With “..

Kresnyak, S., Price, S., Wagner, J., Expander Energy

Over the past several decades, oil extractors and refiners have been maximizing the production of easy-to-drill, high-quality light sweet oil, mostly concentrated on the Arabian Peninsula. With “easy oil” resources becoming scarcer, and demand for oil products on the rise in the developing world, oil producers are forced to utilize heavy crude deposits with the following characteristics: Sour (oil contains greater than 0.5% sulfur) Heavier More acidic Harder to produce or recover More costly to produce Contain a higher percentage of waste components. Global heavy crude production is expected to exceed 8 million bpd (MMbpd) by 2020, driven primarily by extraction in Canada,

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