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Gold/Mining/Energy : CRL,100% growth, EPS of .04 6months .39 stock
CRL 177.88-0.5%Nov 4 3:59 PM EST

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To: Ross Orr who wrote (158)12/22/1999 7:09:00 PM
From: Ciao   of 177
 
CANADIAN CHEMICAL RECLAIMING INC: New CCR Patent Aimed At Deepwater Oil & Gas
Production / December 22, 1999

CANADIAN CHEMICAL RECLAIMING LTD ("CRL-V;CDNCF-L") - New CCR Patent Aimed At
Deepwater Oil & Gas Production
Mike Fillipoff, President & CEO of Canadian Chemical Reclaiming Ltd. ("CCR"), is pleased to
announce that CCR has just been granted a U.S. Patent on a continuous process for recovering
natural gas treating chemicals with high recovery rates. The patent covers technology particularly
useful in deepwater hydrocarbon production. CCR considers this patent a significant milestone in its
ongoing efforts to remain a leader in recovering processing liquids used in a wide variety of
applications.
Additional patents by CCR are pending for the same technology in numerous countries worldwide.
This patented technology has a number of key features: continuous process; high recovery levels;
pure products created from highly contaminated feed streams; reduced operating costs and improved
economics; minimizes waste material; environmental benefits.
In deepwater hydrocarbon production, CCR believes that the new patented process can effectively and
economically recover hydrate inhibition chemicals, such as glycols or methanol, while virtually
eliminating the environmental impact of the use of these chemicals and provides an important solution
to previous challenges encountered with deepwater hydrocarbon production
Management of CCR believes that deepwater offshore regions are expected to supply an increasing
percentage of the world's demand for hydrocarbons. The September 1999 issue of Offshore magazine
reported a record 25 worldwide deepwater discoveries so far this year. Referring to deepwater natural
gas in the Gulf of Mexico, Offshore also stated "Gas Research Institute estimates there is 40 TCF of
deepwater gas waiting in the wings for market. The number of new deepwater fields coming on stream
in the next two years will double each year."
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