NR today:
This kind of reminds me of my purchase of GLE, core business, some R&D on the side for breakthrough technology with bluesky potential...
when I first purchased GLE, it was for the main boring heater business and SOFC was the sexy side .... same parallel here for CRL.....
SEPTEMBER 2, 1999
Cdn Chemical Reclaiming Ltd.'s Wholly Owned Subsidiary
New Paradigm Gas Processing Ltd. Announces Signing of a
Technology Licence With Shell Research
CALGARY, ALBERTA--Canadian Chemical Reclaiming Ltd., stock symbol
"CRL", on the Alberta Stock Exchange, is pleased to announce that
New Paradigm Gas Processing Ltd. (New Paradigm), a wholly owned
subsidiary of CCR has entered into a licence agreement with Shell
Research Limited of London, England. This will licence New
Paradigm to use and sub-licence the innovative Shell-Paques Gas
Desulfurisation Process (Shell-Paques) in Canada. The term of the
agreement will be perpetual provided certain performance levels
are met. By meeting these same performance levels New Paradigm
will be entitled to expand its rights under its licence with
Shell-Paques to other countries within the Western Hemisphere.
The patented and proprietary Shell-Paques technology has been
developed by Paques Bio Systems B. V. and Shell International Oil
Products B. V., both of the Netherlands, over the last four years.
The process utilizes naturally occurring thiobacillus bacteria to
convert the extracted hydrogen sulfide to elemental sulfur. An
overall H2S removal efficiency from natural gas streams of more
than 99.9+ percent can be achieved.
Ken Stephenson, President of New Paradigm believes this innovative
technology, coupled with CCR's patented technology which New
Paradigm plans to enhance, will fill two very important and timely
needs within the oil and gas industry. The Shell-Paques
technology is ideally suited to address flare gas issues within
the industry by removing hydrogen sulphide from the emissions.
The other major application of the technology will be the removal
of hydrogen sulphide from gas wells that are currently stranded
due to the poor economics of removing the hydrogen sulphide. New
Paradigm plans to build its first plant as quickly as possible to
demonstrate and prove the technology within the industry.
In addition to the high efficiency of the hydrogen sulfide to
sulfur conversion step, New Paradigm believes the process to be
simple, safe and reliable. Capital and operating economics are
also anticipated to be lower than currently available commercial
processes. Business opportunities are being developed by Todd
Beasley, Vice President of New Paradigm, while technology transfer
and applications are being led by Ray Abry, Technology Director of
New Paradigm.
Canadian Chemical Reclaiming Ltd. (CCR) is an Alberta based
corporation listed on The Alberta Stock Exchange (symbol CRL)
which owns proven proprietary patented technology and mobile
processing equipment used for the purification and reclamation of
amines and glycols in the refining, natural gas processing,
petrochemicals manufacturing, offshore gas processing, automotive
antifreeze recycling and aircraft deicing industries. CCR is
committed to being the technological leader and to providing the
best value to our customers in the purification and reclamation of
amines and glycols used in our customers' plants and processes.
CCR currently provides these services using mobile processing
units. CCR provides purification and reclamation services to
major Canadian, US. and International Corporations. CCR also
provides fixed skid mounted processing modules to these
industries, which include the technology component through
licensing agreements.
In deepwater offshore gas production, CCR's technology
simultaneously regenerates and reclaims glycols which are used to
prevent the plugging of flowlines and pipelines caused by the
formation of hydrates. CCR technology removes water and salts
from the glycols so they can be re-used for hydrate inhibition.
CCR provides gas producers with a technical, economical and
environmentally sound solution to their hydrate control needs.
Through its wholly owned subsidiary, CataChem Inc., CCR is engaged
in providing a proprietary additive to reduce corrosion in amine
systems.
The corporate headquarters is in Calgary, Alberta and its
Operations and Marketing Centre is in Houston, Texas. CCR also
has an office in Nicosia, Cyprus.
CCR is continuing to develop opportunities in Canada, USA and
worldwide for mobile reclaiming, modules and licensing its
technology and providing solutions to industry through innovative
applications of its experience and technology. |
