Value Creation Group Plans Oil Sands Pilot Plant in Alberta

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Researched by Industrial Info Resources (Sugar Land, Texas)--Value Creation Group (Calgary, Alberta) has filed an application with the Energy Resources Conservation Board to build a 1,000-barrel-per-day (BBL/d), steam-assisted gravity drainage (SAGD) system, to be integrated with an upgrading pilot project at its TriStar leases in the Athabasca oil sands area. The project is approximately 14 kilometers south of Fort McMurray, Alberta. The TriStar leases contain more than 2 billion barrels of contingent and prospective recoverable bitumen that can support approximately 200,000 BBL/d of production for decades. The company is planning to commence construction in 2012.

The plant will utilize the company's proprietary accelerated decontamination unit (ADC) and ultra-selective pyrolysis unit (USP) technologies. The ADC unit removes asphaltene particulates in a very pure form and separates the water and sand. The USP unit further upgrades the decontaminated residue by selectively cracking the residue to produce a light oil product. The pilot plant is expected to process 1,000 BBL/d of Bitumen and produce 840 BBL/d of synthetic crude oil.

Value Creation is a privately owned company that was founded in 1998. The company is part of the Value Creation Group of Companies: Value Creation Incorporated, Technoeconomics Incorporated and BA Energy Incorporated. The group was established to produce, explore and upgrade oil sands and heavy oil resources. BA Energy is planning to construct the Heartland Upgrader in three phases, but the project has been suspended as a result of inflationary pressures.

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