JV and the Correct Associations with Engineers:
August 3, 1999
OPTI CANADA TO PILOT NEW FIELD BASED UPGRADER ON SUNCOR HEAVY OIL PROPERTY
Calgary, Alberta - An agreement between OPTI Canada Inc. (OPTI), the Canadian subsidiary of Ormat Industries Ltd., and Suncor Energy Inc. (Suncor) will provide Suncor with access to OPTI's upgrading technology in return for an option on interests in Suncor's Cheecham oil sands lease and a commitment by OPTI to complete a drilling program to evaluate that lease.
OPTI will first build a pilot plant on a Suncor property to field test this new method of upgrading bitumen. OPTI plans to build the pilot upgrader at Suncor Energy's Burnt Lake heavy oil facility, subject to obtaining necessary approvals. Construction is expected to start in 2000, with completion targeted for 2001.
OPTI has developed its proprietary heavy oil processing technology for small field based upgraders as an alternative to the large-scale, capital intensive upgrading facilities in use today.
"We have been looking for an opportunity to field test this process in North America. This agreement with Suncor gives us a site with a steady supply of feedstock to allow us to proceed," says Phil Rettger, spokesman for OPTI. "Our next step is to begin the regulatory approval process and start discussions with neighboring landowners and the community."
Suncor's Burnt Lake Project, near Cold Lake in Northern Alberta, produces heavy oil using steam assisted gravity drainage technology and is designed to gather information on the SAGD technology for potential future application on Suncor heavy oil properties.
Under the agreement, OPTI will finance the full cost of the pilot plant. Suncor will acquire rights to use OPTI's upgrading process, which is currently being patented. Suncor will also have the option to participate in a first full-scale commercial plant. OPTI will earn a 50 per cent interest in Suncor's Cheecham heavy oil property in Northern Alberta by completing evaluation drilling.
According to Barry Stewart, Suncor's group executive vice-president of Exploration and Production, "The OPTI technology creates options for Suncor. If the test is conclusive this process has the potential to be used in the development of heavy oil assets where integration with our oil sands plant is not feasible."
Suncor Energy Inc. is a Canada based international integrated energy company with more than 30 years experience in the development of Alberta's oil sands. OPTI's corporate parent is Ormat Industries Ltd., (Tel Aviv Stock Exchange) an Israeli and US based engineering, and manufacturing company that has become a world leader in design, engineering, construction, and operation of geothermal power plants and the production of power from industrial waste heat, solar energy and low-grade fuels.
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For more information, visit Suncor's website at www.suncor.com or Ormat Industries Ltd. web site at: www.ormat.com, or contact:
Phil Rettger
(403) 225-2665
Vice President
Ormat Industries Ltd.
JoAnne Kleb
(403) 205-6719
Advisor, Communications and Community Affairs
Suncor Energy Inc.
News Releases - Suncor Corporate
News Releases - Oil Sands
suncor.com
suncor.com
suncor.com
NEWTECH FROM Telavive:
ormat.com
I like this part..Industrial Processes could be JVed and helped:
ormat.com
Industrial Waste Heat Systems
Completing the Power Picture:
Optimizing Power in Existing Plants
Repowering of existing power plants, or recovering waste heat energy, is often the most cost-effective way to develop additional generating capacity. Tapping otherwise unused or underutilized energy, often with environmental side-benefits, has become one of Ormat's special strengths. The company's repowering technologies enable power plants to increase output without any additional fuel expense from:
Unused industrial process heat
Gas turbine exhaust heat
Power augmentation of gas turbine plants
Reduction of geothermal steam pressure into condensing systems
Utilization of low pressure steam from back pressure turbines
Waste heat recovery from refuse derived fuel (RDF)
Waste heat recovery in gas compression stations
--------------------------------------------------------------------------------
Technology Overview
Geothermal Power Plants
Binary Geothermal Power Plant
Geothermal Combined Cycle OEC Power Plants
Remote Power Units
Industrial Waste Heat and Repowering Solutions
Balance of Plant (BOP)
Energy from the Sun
Projects
OPTI Canada to Pilot New Field Based Upgrader on Suncor Heavy Oil Property
Calgary, Alberta – An agreement between OPTI Canada Inc. (OPTI), the Canadian subsidiary of Ormat, and Suncor Energy Inc. (Suncor) will provide Suncor with access to OPTI's upgrading technology in return for an option on interests in Suncor's Cheecham oil sands lease and a commitment by OPTI to complete a drilling program to evaluate that lease.
OPTI will first build a pilot plant on a Suncor property to field test this new method of upgrading bitumen. OPTI plans to build the pilot upgrader at Suncor Energy's Burnt Lake heavy oil facility, subject to obtaining necessary approvals. Construction is expected to start in 2000, with completion targeted for 2001.
OPTI has developed its proprietary heavy oil processing technology for small field based upgraders as an alternative to the large-scale, capital intensive upgrading facilities in use today.
“We have been looking for an opportunity to field test this process in North America. This agreement with Suncor gives us a site with a steady supply of feedstock to allow us to proceed,” says Phil Rettger, spokesman for OPTI. “Our next step is to begin the regulatory approval process and start discussions with neighboring landowners and the community.”
Suncor's Burnt Lake Project, near Cold Lake in Northern Alberta, produces heavy oil using steam assisted gravity drainage technology and is designed to gather information on the SAGD technology for potential future application on Suncor heavy oil properties.
Under the agreement, OPTI will finance the full cost of the pilot plant. Suncor will acquire rights to use OPTI's upgrading process, which is currently being patented. Suncor will also have the option to participate in a first full-scale commercial plant. OPTI will earn a 50 per cent interest in Suncor's Cheecham heavy oil property in Northern Alberta by completing evaluation drilling.
According to Barry Stewart Suncor's group executive vice-president of Exploration and Production, “The OPTI technology creates options for Suncor. If the test is conclusive this process has the potential to be used in the development of heavy oil assets where integration with our oil sands plant is not feasible.”
Suncor Energy Inc. is a Canada based international integrated energy company with more than 30 years experience in the development of Alberta's oil sands. OPTI's corporate parent is Ormat, and manufacturing company that has become a world leader in design, engineering, construction, and operation of geothermal power plants and the production of power from industrial waste heat, solar energy and low-grade fuels.
Phil Rettger (403) 225-2665
Vice President
Ormat
JoAnne Kleb (403) 205-6719
Advisor, Communications and Community Affairs
Suncor Energy Inc.
Back to the Press Releases Archive
OIL SANDS NEWS I just found NEW TODAY:
suncor.com
99-09-30 Shaw Communications news release - SHAW COMPLETES NEW LANE ON THE INFORMATION HIGHWAY
99-09-27 OIL PRODUCTION AT SUNCOR OIL SANDS PLANT RESUMES
99-09-17 SUNCOR OIL SANDS PLANT TO UNDERGO MAINTENANCE SHUTDOWN
99-09-10 RICK GEORGE NAMED CANADA'S OUTSTANDING CEO OF THE YEAR
99-09-09 Dow Jones News Release: CANADIAN COMPANIES ARE TOP-RANKED IN NEW DOW JONES GLOBAL SUSTAINABILITY INDEX
99-09-03 SUNCOR HAS "SOMETHING TO SING ABOUT"
99-06-08 HOUSING UNITS FIND NEW HOMES
99-06-01 SUNCOR FLARES RISE DURING BOILER MAINTENANCE
99-05-26 MAINTENANCE TURNAROUND ENDS SAFELY
99-05-19 NEW CAMPS WILL HOUSE PROJECT MILLENNIUM CONSTRUCTION WORKERS
99-04-23 MAINTENANCE TURNAROUND BEGINS AT SUNCOR OIL SANDS
99-04-20 ENBRIDGE TO CONSTRUCT ATHABASCA OIL SANDS TERMINAL
99-03-31 SUNCOR ENERGY AND TRANSALTA SIGN LONG-TERM POWER AGREEMENT
99-03-30 SUNCOR ENERGY'S PROJECT MILLENNIUM APPROVED BY PROVINCIAL REGULATOR
99-03-10 OIL PRODUCTION AT SUNCOR OIL SANDS PLANT RESUMES
99-02-26 SUNCOR OIL SANDS PLANT TO UNDERGO MAINTENANCE SHUTDOWN
99-02-18 SHAW PARTNERS WITH SUNCOR TO BRING FIBER OPTIC TECHNOLOGY TO FORT McMURRAY
99-02-04 SUNCOR EXPANSION PROJECT "READY TO GO AHEAD"
99-02-04 ALLIANCE STRUCK TO DELIVER PROJECT MILLENNIUM
98-09-30 SUNCOR CELEBRATES OPENING OF NEW STEEPBANK MINE
98-10-20 NOTICE OF HEARING FILED FOR PROJECT MILLENNIUM
98-09-14 FORT MCMURRAY ENVIRONMENTAL ORGANIZATION RECOGNIZED WITH FINANCIAL POST AWARD
98-09-08 SUNCOR TEAMS WITH GOVERNMENT AND INDUSTRY IN CLEAN-UP EFFORT
98-08-21 SUNCOR'S SULPHUR DIOXIDE EMISSIONS REDUCTION PLANT DOWN FOR SCHEDULED MAINTENANCE
98-07-30 SUNCOR CUTS THE RIBBON ON NEW ADDITION TO UPGRADER
98-05-14 SUNCOR FINALIZES SALE OF PETROLEUM COKE TO JAPANESE FIRM
98-04-22 PROJECT MILLENNIUM APPLICATION SUBMITTED
98-04-20 IPL ENERGY SUBSIDIARY RECEIVES APPROVAL FOR ATHABASCA PIPELINE
98-04-20 IPL ENERGY SUBSIDIARY RECEIVES APPROVAL FOR ATHABASCA PIPELINE
98-03-25 SPEECH: MIKE ASHAR ADDRESSES COMMUNITY OPEN HOUSE
98-02-19 RESOLVING COMMUNITY CONCERNS A PART OF SUNCOR'S GROWTH AGENDA
98-02-09 SUNCOR PRODUCTION CARRIES ON DESPITE COLD WEATHER
98-02-05 NEW NOVA AFFILIATE LANDS DEAL TO BUILD PIPELINE IN FORT McMURRAY REGION
98-01-20 SUNCOR ENERGY GETS READY FOR STEEPBANK MINE OPENING
97-11-07 ELK ANTLERS FOUND AT SUNCOR OVER 5,000 YEARS OLD
97-10-15 SUNCOR EXPANSION ESTIMATED TO CREATE 800 NEW JOBS
97-09-30 SUNCOR INVESTMENT ENHANCES COLLEGE PROGRAM DELIVERY THROUGHOUT REGION
97-09-07 SUNCOR ENERGY OPENS BRIDGE TO THE FUTURE
97-08-08 SUNCOR'S JULY PRODUCTION EXCEEDS 86,000 BARRELS PER DAY
97-07-31 SPEECH - SUNCOR: CORNERSTONES OF YESTERDAY – A CORNERSTONE FOR TOMORROW (Mike Ashar)
97-07-23 SUMMER STORM INJURES TWO WORKERS, CAUSES MINOR BRIDGE DAMAGE
97-07-09 MAINTENANCE WORK SLOWS PRODUCTION AT SUNCOR
97-06-24 SUNCOR CELEBRATING PAST AND FUTURE WITH 30th ANNIVERSARY
97-06-23 FINAL RESULTS FROM 17th ANNUAL ALBERTA SURFACE MINE RESCUE COMPETITION
Suncor Energy News Releases
Chucka- The JV Guys are part of the Birch Mountain Story Y2K ! Go Jointly, Severally and Collectively!
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