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Genoil Inc GNOLF

Genoil Inc. is technology-based company engaged in the development of technologies relating to the oil and gas industry. The Company specializes in heavy-to-light oil technology, oil field development and exploration and production. It is a provider of hydro conversion fixed-bed technology for the upstream and downstream oil and gas industry. It is also working with Chinese policy banks and Chinese companies to provide, project financing, drilling, production, and processing services to the oil and gas industry. Its technology consists of Genoil Hydroconversion Upgrader (GHU), which converts sour (high sulfur), heavy hydrocarbon feed stocks into lighter oil with higher quality distillates for conventional refining. The Company is also engaged in other technologies, such as oil upgrading and recycling, water purification port technologies, well testing, and sand cleaning. The Company markets its technology to customers in the Middle East, Russia and China.


OTCPK:GNOLF - Post by User

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Comment by peterap2001on Oct 12, 2010 10:59am
415 Views
Post# 17553593

RE: Shaw work on Ruwais Refinery

RE: Shaw work on Ruwais RefineryNevermind. Not sure what Genoil's involvement would be in a base oils plant, but it isn't part of their technology contract it looks like.


https://www.pennenergy.com/index/petroleum/display/2675657986/articles/pennenergy/petroleum/refining/2010/08/shaw-wins_ruwais_refinery.html

The Shaw Group Inc. (NYSE: SHAW) has been awarded a contract by Abu Dhabi Oil Refining Company (Takreer) to provide project management consultancy services during the engineering, procurement and construction phase of a base oils plant at the Ruwais Industrial Complex in Abu Dhabi.

The planned facility will be capable of producing 500,000 tons per year of Group III base oils, as well as 100,000 tons per year of Group II base oils, and is scheduled to begin commercial production in 2013. Group II and III base oils are used for blending top-tier lubricants for car engines.

“Our recent involvement with Takreer began when our Residue Fluid Catalytic Cracking technology was selected for what will be the world’s largest RFCC unit,” said Lou Pucher, president of Shaw’s Energy & Chemicals Group. “Today, our involvement continues as we enhance our project management consultancy credentials by supporting Takreer in the development of this base oils plant.”

The undisclosed value of the contract was included in Shaw's Energy & Chemicals segment's backlog of unfilled orders in the third quarter of fiscal year 2010.

https://www.shawgrp.com/markets/energychemicalssvcs/chemrefine/refiningtech

Fluid Catalytic Cracking/Resid Fluid Catalytic Cracking (FCC/RFCC)

Shaw's FCC Process, developed jointly with Axens and Total, offers refiners superior operating performance, increased profitability and considerable feedstock and product flexibility. To date, we have licensed more than 48 grassroots units and performed more than 200 revamp projects.

As both a licensor of FCC technology and an engineering and construction contractor, Shaw can provide a full range of EPC services promptly and efficiently. Our units display superior operational performance with an ease of startup, operation and shutdown – resulting in longer run lengths that maximize a unit's profitability.

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