Ivanhoe Energy (TSX: IE) (NASDAQ: IVAN) Produces Video Explaining Proprietary Heavy Oil Upgrading Process - Video Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, December 29, 2011 - Ivanhoe Energy (TSX: IE)
(NASDAQ: IVAN) is an independent international heavy oil development and
production company focused on pursuing long-term growth in its reserves and
production using advanced technologies, including its proprietary heavy oil
upgrading process (HTL(TM)). Core operations are in Canada, United States,
Ecuador, China and Mongolia, with business development opportunities worldwide.
Ivanhoe has produced a video explaining its proprietary heavy oil upgrading
process (HTL(TM)), which is posted on InvestmentPitch.com. If this link is not
enabled, please visit www.InvestmentPitch.com and enter "Ivanhoe" in the search
box.
HTL or "Heavy to Light" is an upgrading process that can be located in the heavy
oil field, completely integrated with upstream field operations. The HTL process
converts heavy oil to lighter, more valuable product that can be transported by
pipeline without the need for light blend oils. In addition, coke and gas by-
products from the upgrading process is converted in-situ to steam or power, and
this energy is available to the operator to develop the field. HTL facilities
can be economically applied in scales as low as 10,000 to 20,000 barrels per
day.
HTL is based on the time-tested concept of thermal cracking and carbon
rejection.
* The key innovation is speed - HTL incorporates ultra short processing times
compared with significantly longer times for conventional technologies such
as delayed coking.
* Added advantage over coking technologies - it converts by-product coke to
on-site energy, instead of incurring the costs of accumulating and managing
large stockpiles of low value coke.
* Does not require catalysts, hydrogen or significant pressure.
* The net result is relatively small scale, low cost facilities that can be
field located where energy and other heat integration benefits are
maximized.
HTL is a close analogue to Fluid Catalytic Cracking (FCC), a very common
processing unit found in most refineries worldwide. FCC's circulate catalyst to
produce transport fuels mainly from vacuum gas oils, while HTL circulates common
sand as a heat transfer agent to convert heavy oil, including pure vacuum
residues, to upgraded light oil. While HTL is an innovative, patented and
proprietary technology, the fundamental engineering, equipment and materials
handling aspects underlying HTL are well understood by fluid solid systems
engineers.
Ivanhoe currently trades at CDN$1.10, and with approximately 344 million shares
outstanding the company is capitalized at CDN$378 million.
For more information, please visit Ivanhoe's website at www.ivanhoe-energy.com,
phone Hilary McMeekin 403-817-1108 or by email info(at)ivanhoeenergy.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals. InvestmentPitch.com
specializes in producing short, three minute videos based on news releases and
research reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1574303]
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="Rye Patch Gold Receives $4.1 Million From Warrant Exercises
Datum: 29.12.2011 - 13:43 Uhr
Sprache: Deutsch
News-ID 1069086
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 826 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ivanhoe Energy (TSX: IE) (NASDAQ: IVAN) Produces Video Explaining Proprietary Heavy Oil Upgrading Process - Video Posted on www.InvestmentPitch.com
"
steht unter der journalistisch-redaktionellen Verantwortung von
InvestmentPitch (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
