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Strategies & Market Trends : China Warehouse- More Than Crockery
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To: RealMuLan who wrote (2007)12/15/2003 1:46:16 PM
From: RealMuLan  Read Replies (1) of 6370
 
Quantum applies water to China's troubled oil
By Ian Porter
December 16, 2003


A joint venture between China's largest company and one of Australia's smallest could lead to Quantum Energy's patented heat pump technology keeping oil warm in subzero Chinese conditions.

Quantum and Sinopec have been building hot-water and central-heating systems in China for about a year and the giant oil producer believes the technology could solve a major problem in its oilfields.

Sinopec wants to use the Quantum system to keep its oil warm so that it flows easily through long pipelines to the refineries.

If the new application of the technology works, it could lead to a contract worth around $75 million on Sinopec's Shengli oilfield alone, Quantum managing director Phil Sidney said yesterday.

The technology captures heat from the surrounding environment - most often air but in this case water - and applies the captured heat to warming water or anything else that flows through pipes.

The system does not burn fuel. Instead it uses a series of heat exchanges that rely on special refrigerants that can operate at temperatures well below zero. This means the system can even extract heat from air with a temperature of minus 10 degrees.

...
theage.com.au
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