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Pemex Heavy Crude Oil Has Arrived At Genoil Engineering Center In Russia And Pemex Engineers Will Be On Hand To Witness A Commercial And Scientific Demonstration Run Of The Genoil GHU Desulphurization Process
Pemex Heavy Crude Oil Has Arrived At Genoil Engineering Center In Russia And Pemex Engineers Will Be On Hand To Witness A Commercial And Scientific Demonstration Run Of The Genoil GHU Desulphurization Process.
About this update from Genoil Inc.
[{"type":"text","content":"This New Demonstration Builds on Data Collected in Previously Successful Processing Runs for Conoco Canada, Lukoil Komi, CNPC division CPECC Dalian and other noteworthy clientsNEW YORK, NY / ACCESSWIRE / April 9, 2018 / Genoil Inc, (OTCQB: GNOLF) announces that high sulfur crude oil samples from Pemex (the Mexican State-owned petroleum company) have arrived at Genoil's engineering headquarters in Russia and that the demonstration will be conducted soon in the presence of Pemex engineers at our state-of-the-art multipurpose demonstration facility hosted by the UFA Scientific Research Institute of Petroleum Refining and Petrochemistry located in Bashkortostan. Technical viability has already been proven and the purpose of this commercial demonstration run will validate to Pemex the strength of the economic model created by the Genoil Hydroconversion Process from upgrading Pemex's heavy high sulfur crude oil into valuable light sweet, low sulfur crude oil. The feedstock demonstration will also support the engineering and design of a large-scale commercial GHU facility currently under evaluation by Genoil, to be constructed at the commercial crude center - Palomas in Veracruz Mexico, and additional regions of Mexico as well as other target project locations around the world. Genoil's engineering team is being led by Raushan Telyashev, formerly General Director of Lukoil and in charge of the all Lukoil design and R&D institutes for downstream at the second largest oil company in Russia. In 2012, Raushan was responsible to review all Lukoil Komi upgrading solution strategies, had met with Genoil and had been advising the lead team that had previously endorsed the successful demonstration of Genoil's GHU process on Lukoil Komi crude oil. Future planned demonstration runs shall create significant hard data that support our industry-leading EPC partners as we work toward basic engineering designs for commercial implementation. Correlations with previous tests shall confirm, liquid yield output, reduction of sulfur, acidity, metals and CAPEX costs.At Genoil's request, the largest Chinese Policy bank issued a USD $5 billion letter of intent to Saudi Arabian Oil Company for a potential project in Saudi Arabia. This letter of intent was recently placed in the hand of Saudi Arabian Crown Prince Mohammed bin Salman by the Saudi Ambassador ...