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Profile

The skyrocketing prices of refined petroleum products have made it dramatically clear that the underlying key problem is not a shortage of crude oil supplies, but the ability of refineries to turn out the required oil products. The current problem, which is likely to continue for some time, is an overabundance of heavy, dirty crude oils being offered to refiners who lack the equipment capacity to process these into light, clean transportation fuels, especially motor gasoline and diesel oil. A number of improvements to heavy oil upgrading technology have recently been introduced. Some of these involve hydrogen addition technology, such as Genoil’s proprietary heavy oil upgrader (GHU).

The GHU catalytic hydrocracking technology capitalises on the significant advantage of hydrogen addition over carbon rejection. In carbon rejection, some 20–30% of the upgraded heavy oil ends up as an inferior product (ie, petroleum coke). Analysis of a GHU project, at the Silver Eagle refinery in Utah, reveals that the potential profitability of hydrogen addition is further increased by the GHU’s ability to produce far more barrels of valuable petroleum products than traditional upgrading technologies.

Environmental legislation for clean burning fuels limit markets where heavy high sulphur fuels can be sold. The most viable long term solution for many refiners will be to choose an upgrading option to increase yields of light products from low value residues and fuel oil.

By using a GHUTM to upgrade residue through hydroconversion, refiners can change their product slate, generating higher margins and eliminating exposure to high sulphur fuel markets.

Heavy oil and bitumen producers are also examining the benefits of stand alone GHUTM installations to eliminate the need for shipping with costly diluents, reduce exposure to heavy oil differentials and increase product marketability by improving quality.

There are approximately 22 million barrels per day of fuel oil being produced and sold as low grade fuel worldwide. Using a GHUTM to process these low grade fuels can solve the problem of providing light clean transportation fuels. The potential profitability of hydrogen addition is even further increased by the GHU’s ability to produce far more barrels of valuable petroleum products than traditional upgrading technologies, and with no coke production.

Pilot Upgrading Facility
 

Genoil owns and operates a world class 10 barrel per day pilot hydroconversion upgrader, complete with independent water electrolysis unit for pure hydrogen supply, hydrogen compressor, electrical substation, fired heater, low-pressure separator for vapour-liquid separation, and PLC for automated operational control. The GHUTM demonstration unit is equipped with online gas chromatograph, hydrogen analyzer and mass flow/density meters. All PLC and process data are monitored and recorded in real time.

Upgrading Results

Heavy Oil Upgrading

In a trial for a major international oil producer, Genoil increased the specific gravity of a heavy oil feed by 17oAPI, with 93% pitch conversion (535oC+) at only 124 bar and 402oC. The test was designed for a one year catalyst lifecycle. These unprecedented results reflect the focus Genoil has committed to develop some of the most economical and efficient upgrading solutions in the world.
 

Refinery Bottoms

In a recent client assessment, waxy Heavy Vacuum Gas Oil of 22o API with 1.63% sulphur was upgraded using the GHUTM to 38o API with just 91 ppm sulphur. Of major interest was the 79% yield of gasoline and diesels achieved at mild operating conditions, with greater than 99% desulphurization.

A fractional analysis done by the client showed the diesel cut to contain only 50 ppm sulphur without any additional hydrotreating.
 

Bitumen Upgrading

Genoil completed trials with the goal to upgrade bitumen to an API of 25 with the aid catalyst. The catalyst used was Criterion DN-190, a nickel/molybdenum catalyst used primarily for hydrotreatment. This catalyst was originally developed for first stage hydrocracking primarily for polynuclear aromatics saturation: Since bitumen is highly aromatic, Genoil decided to first try this catalyst understanding that DN-190 is not the traditional bitumen hydrocracking catalyst.
 

Of major interest was the GHUTM's conversion of the 524oC+ fraction by over 80% at mild operating conditions. In addition, the acid number was reduced from 3.05 to 0.11. Sulphur and nitrogen were reduced by 95% and 50% respectively.

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Centrifuge

Allegretto Super-Centrifuge

In its quest for developing a breakthrough technology in the realm of hydrogen generation, Genoil has built a remarkable centrifuge known as the Allegretto. Genoil recognizes that the Allegretto centrifuge can be utilized for purposes other than the one for which it was designed. Genoil is currently utilizing it as an integral element within our hydrogen research and development program.

Genoil also recognize that Allegretto can function as a centrifugal disc stack separator with unique characteristics. The Super-Centrifuge has been successfully tested at 30,000 rpm, which is twice the rotational speed of the fastest known separator of this kind. The centrifugal forces generated by the separator exceed 55,000 G's, allowing for the separation of two immiscible liquids with extremely close densities.

This remarkable separation capability, in conjunction with a very flexible throughput (ranging from 100 to 250 gallons per hour) renders Allegretto uniquely suitable for applications that are unattainable by conventional disc stack separators.

In the companies view Allegretto is a marvel of engineering design. Its development shows painstaking efforts in solving some of the most insurmountable problems posed by extremely high rotational speeds. In order to withstand severe material and operating stresses, each component was individually designed by means of a computer program specifically developed to calculate centrifugal forces, pressures and dimensions at various orders of magnitude.

Genoil is seeking a partner with the ability to identify distinct applications for the super-centrifuge with the ultimate goal of bringing the product to market. Potential applications may include cosmetics, pharmaceuticals, food or chemical industries.

Genoil believes that they have designed one of the most advanced separators currently in existence. Genoil believes it has a wide variety of potential commercial applications in a virtually competition free market niche.

Recent News and Press Releases

Interview With Genoil CEO, David Lifschultz, Broadcast on WallStreetReporter.com (Thu, Dec 14)

CORRECTION FROM SOURCE: Genoil Inc. Announces Further Developments in Respect of "Letter of Intent" With Hebei Zhongjie Petrochemical Group Company Ltd. (Tue, Nov 21)

Genoil Inc. Announces Further Developments in Respect of "Letter of Intent" With Hebei Zhongjie Petrochemical Group Company Ltd. (Tue, Nov 21)

Genoil Selected to Present at Energy Venture Fair VII Conference in California and Heavy Oil Conference in China (Tue, Nov 7)

Genoil Announces Completion of Bridge Financing (Tue, Oct 10)

Interview With Genoil Ceo, David Lifschultz, Broadcast on Wallstreetreporter.com (Tue, Oct 3)

Genoil and Chinese Refinery Group Sign "Letter of Intent" to Build Genoil Upgrader at Hebei Refinery (Tue, Oct 3)

Genoil Inc. Announces Closing of Private Placement (Thu, Sep 28)

Genoil Inc. Announces Closing of Over-Subscribed Private Placement (Thu, Sep 21)

Genoil Inc. Announces Private Placement (Thu, Sep 7)
 

 

 

 

Management Team

David Lifschultz Chief Executive Officer

David Lifschultz has a long and successful career in directing companies in the fields of technology, transportation and energy. He is the President and Chief Executive Officer of Lifschultz Investments, a family office as well as Lifschultz Terminal Leasing Inc., a holding and investment company that allocates capital for alternative energy technologies and energy technologies that create greater efficiencies. He has been an investor in the oil and energy industry for the past 20 years with consistent annual returns on capital. He has a vast portfolio of oil and energy related companies including a 4.8% stake in NYSE Callon Petroleum (CPE).

James Runyan Chief Operating Officer and Executive Vice President

James F. Runyan is responsible for supervising the company’s Engineering office and commercial upgrading projects. He is a successful executive with experience in refining and with refinery management, as well as a track record of growing companies. He also has significant experience in engineering management, procurement, business and technical product development, strategic planning, budget management and costing analysis.

Peter Chung Vice President, Engineering

Mr. Peter Chung has over twenty years experience in engineering and design of heavy oil upgrading facilities in Canada. Mr. Chung's experience and expertise in the heavy oil upgrading industry has been utilized by several major engineering firms and oil companies over the years for his knowledge in producing oil for the Canadian Tar Sands.

Paul Costinel Manager, Water Treatment Division

Paul Costinel has been the Manager of Genoil's Water Treatment Division in Edmonton, Alberta since 2000. Mr. Costinel holds a B.Sc. degree in Naval Electro-Mechanics. Prior to joining Genoil, Mr. Costinel held a similar position with CE3 Technologies Inc., an oil and gas engineering company acquired by Genoil Inc. in 1999. During his tenure, Mr. Costinel designed a novel water treatment plant for a sand washing process currently owned by Genoil. His initiatives led to a new method for processing contaminated water in upstream distillation plants in addition to the introduction of innovative concepts and equipment for cleaning sands contaminated with hydrocarbons. More recently, Mr. Costinel was instrumental in designing the world's fastest disk stack centrifugal separator as part of Genoil's hydrogen research program.

David Kippen Interim Chief Financial Officer

Hendrik Lombard, C.A., C.F.A, has been involved for more than 10 years in accounting and consolidations, corporate finance, cash management, international trade, mergers and acquisitions, portfolio management and internal control implementation in several securities firms.

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