Versatile industry solutions from Optima
Heavy Oil Upgrading
Optima is engaged with two technology companies who have heavy oil upgrading technology. Both technologies are improvements on existing routes and help reduce carbon emissions
- Land Based: Upgrading opportunities exist which enable the development of stranded crude. “In situ” (at the wellhead) projects reduce or eliminate the diluent required significantly improving the economics.
- Ship based: Optima is pursuing ship-based options for heavy oil upgrading. We have engaged leading shipping companies and are researching technology solutions which capitalize on the inherent benefits of low-cost tankage and utilities attendant with older ships.
Schematic of Optima’s ship-based system for small refineries particularly in the Mediterranean.
Reducing sulfur is a key environmental issue. Optima is working with four companies with desulfurization technology. Two desulfurization technology companies offer novel low-cost solutions which operate at the temperature and pressure. These low-pressure low temperature processes are well suited for our ship-based Low Sulfur Fuel Oil strategy. One company’s refining technology removes over 90% of the sulfur and other contaminants. The other company reduces 50% of the sulfur and most of the contaminants in its upgrading process.
Schematic of Optima’s ship-based system.
Skid Mounted Modular Refineries
Optima has engaged with a company using advanced refining catalyst technology. This technology reduces production cost and energy usage thus reducing the overall environmental impact. The focus is initially on small skid mounted refinery solutions to speed delivery of our solution offering.
Example of modular / mini-refinery
- Farm waste to green diesel
- Wood to green diesel
- Hemp to CBD and other Cannabinoids
- Used motor oils to specialty product
- Crude to marine fuel
- Efficient conversion of Waxy crude to high value waxes
All of these potentially disruptive applications are at the pilot stage. Pre engineering work has been done with sites identified in most cases. What drives this wide range of products from such diverse feedstocks is the combination of the unique mini refinery design as well as the innovative metallic catalyst applied to feedstocks.
Oil Field Wastewater Treatment
Wastewater and the cleanup of contaminated areas is an urgent and growing issue. Cleaning and handling the oily wastewater from the fracking industry is a critical issue. Optima has teamed up with two technology providers with innovative and rapidly executable solutions for wastewater cleanup and remediation of contaminated areas. Combined with either oil upgrading technology or small-scale refineries, Optima can provide a rapid, effective and low-cost solution to address environmental contamination from fracking and provide useful crude products like low sulfur diesel which reduce costs or create profits.
Oil Field Waste Remediation
Massive lakes of waste oil are one of the tragic environmental legacies of Big Oil, where Optima can provide environmental relief and reduce the cost or create profitable opportunities that are overlooked by large opportunities. These create great opportunities to improve prove the environment, convert waste oil into valuable crude products and test new technologies. We have an agreement with a waste oil remediation solution provider which in combination with our upgrading and portable refinery solutions, offer a tremendous opportunity to clean up the environment, make money and deploy new cleaner fossil fuel process technologies.
Environmental legislation is requiring cleaner and less harmful transport fuel. Therefore refiners are needing to further process crude to meet these tougher specifications from this increasingly heavier higher sulfur crude slate.
In addition, the impact of the IMO’s MARPOL Annex VI environmental regulations on sulfur in global bunker fuels (HSFO) will cause a shift in global bunker demand away from HSFO to lower sulfur marine gas oil.
IMO: The International Maritime Organization is a specialized agency of the United Nations setting global standards for safety, security and environmental performance of international shipping.
” Sulfer 2020 – Cutting sulfur oxide emissions.” We will see a substantial cut: to 0.50% m/m (mass by mass) from 3.50% m/m. The new limit will be 0.50% m/m which will apply on and after 1 January 2020.
Limiting sulfer emissions (SOx) will have a positive impact on human health. E.G. Reducing air pollution, especially to those living close to major shipping routes and ports.
Affecting approximately 50,000 ships, this new regulation could lead to $200 crude, impacting half the refineries in the world and could have major market implications.
New blends of fuel oil for ships need to be developed. Currently the “heavy fuel oil” / bunker fuel which is used by the majority of ships today needs to be upgraded.