MCW Technology Description
After reviewing several oil sands technologies at several generational stages, MCW has developed its own proprietary technology with improved hydrocarbon extraction levels, utilizing benign solvents within a closed-loop system, resulting in no greenhouse gases and oil extraction at commercially viable production costs. The oil from oil sands extraction is derived from a continuous flow/feed system. The technology requires no water during the process. No high temperatures or high pressures are needed. It has been proven to be economically viable and is capable of extraction up to 98% of hydrocarbons. MCW’s technology is scalable and extremely mobile, an important factor for lease geology where site preparation techniques will vary based on volumes of near-surface and below-surface hydrocarbon-bearing oil sands. Set-up times are estimated to be less than
two days per location.
Utah contains over 32 billion barrels of oil throughout the state in 7 major deposits. Asphalt Ridge Region is the state’s third largest deposit totaling over 1 billion barrels of oil. (Source: USDOE and several subsequent studies available to the public.)