SYNGAS INTERNATIONAL'S INNOVATIVE PYSTR TECHNOLOGY CAN SEQUESTER C02
Use of Reliable CO2 from Syngas Expected to Substantially Increase Oil Recovery and Provide Additional Revenue Stream
CALGARY, AB, Feb 23, 2006 (MARKET WIRE via COMTEX) - Syngas International (BB: SYNI) is proud to announce that its carbon dioxide sequestration technology, a component of its innovative PyStR technology, is complete. Traditional gasification technology lets the CO2 escape into the air, but the PyStR technology captures this green house gas that is commonly accepted to be responsible for global warming.
What is not widely known is that CO2 used the right circumstances has tremendous value. CO2 is now being used throughout the oil patch to revive oil wells thought to be dry. Typical oil production leaves 70% of the resource in the earth. In today’s market of dwindling world supply and increasing demand, more companies plan to pump carbon dioxide (CO2) into reservoirs to help draw out more oil.
The process is used in wells that have already passed through primary production, where natural pressure in the well pushes out the oil, and in wells that have passed secondary production, using water or natural gas flooding. In primary and secondary production, well pressure eventually falls to levels where output is so thin it’s not profitable. Use of CO2 allows an opportunity to take a third run at the reservoir to tap a potentially large amount of remaining oil.
The CO2 is plunged deep below the earth's surface into thick, stubborn oil deposits, and significantly decreases the oil's viscosity easing its flow to the surface. CO2 is expected to double or triple previous oil production levels from wells once thought unfeasible. Once in the ground, the carbon dioxide takes the petroleum's place, becoming trapped beneath an impermeable stack of limestone, sandstone, and shale.
The biggest problem of late has been a reliable supply of CO2. Syngas, through its PyStR hydrogen production process, can capture CO2 that is produced either as a primary or bi-product. Syngas believes its advanced gasification system captures CO2 more reliably and efficiently than traditional technologies.
Syngas International’s PyStR technology debuted at the Big Hydrogen Show on February 13, 2006. A copy of the presentation is available on compact disc by emailing info@syngasinternational.com and can also be viewed through a link on the home page at www.thegreenbaron.com. |
