Value Creation Incorporated Plans Upgrader in Alberta

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Researched by Industrial Info Resources (Sugar Land, Texas)--Value Creation Incorporated (Calgary, Alberta) is planning to construct an upgrader 80 kilometers from Fort McMurray at the Terre de Grace Lease to extract and upgrade bitumen. The company will initially build a 10,000-barrel-per-day (BBL/d) pilot plant that will produce 8,400 BBL/d of synthetic crude oil. Later, the company is planning a full-scale upgrader that will process 80,000 BBL/d of bitumen. The proposed pilot plant is planned to begin construction in early 2010, with completion expected in 2011.

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 full-scale upgrader will be constructed in two phases of 40,000 BBL/d. It will also utilize the company's proprietary technology and produce 67,200 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 constructing the Heartland Upgrader in three phases but has slowed down the construction schedule as a result of inflationary pressures.

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