ClarendonFrom their web site:
https://www.clarendon-international.com
Clarendon has a joint venture with Genoil Inc of Canada to find opportunties and finance to covert heavy oil into alight oil. Heavy oil has limited usage and cannot by itself be refined and produce the residuals needed for fuel. As such proportions of heavy oil must be mixed with light oil prior to refining. The heavy to light conversion technology Clarendon is marketing has the capability to revolutionise the refining industry if implemented based on cost savings for offsets of purchase of heavy oil in lieu of light oil tomix with. Since the price spread between heavy and light oil at the high point of the market was in excess of $30 it meant that the technology was highly profitable. Smoothed out over the long term thetechnology still becomes profitable over several years.
Our business model has been to find investors to underwrite the financial aspects of the capital cost needed for the implementation of the conversion units (HCU - HydroCarbon Upgraders). During the summer of 2008, Clarendon and Genoil visited the CDB (Chinese Development Bank), CNPC (China National Petroleum Corporation) and Shanxi Oil Company. CNPC have written a report on the Genoil technology keenly extolling the virtues of oil upgrading. The Chinese Development Bank has agreed to look at various heavy oil deposits and allow us to do a feasibility study on upgrading. If economically feasible CDB has agreed in principle to finance such as venture. Clarendon are currently assessing bitumen deposits in Indonesia in conjunction with the IICB (Indonesia Invesment Coordinating Board).
Clarendon has an exclusive joint venture to market, finance and implement the multi-phase Crystal Seperator, a technology patented by Genoil Inc and licensed to our joint venture. Clarendon has made significant progress with this technology and is working on implementation plans currently for ports in China, Malaysia, Indonesia and the Bahamas. There is a significant pipelines of ports which have expressed an interest in the adoption of this technology through the service provision model we have built.
The technology is primarily used to clean bilge water from the tanks of ships. Ships generally have old oil-water seperators and cannot clean water to the standards necessary for EPA and others. The unit is capable of throughly cleaning and sterilising water from bilge tanks to get rid of fuel oil and other contaminants. The fuel oil can be recycled and used in a mixture with diesel to be burnt as bunker fuel.