Mobilestream Oil has announced a breakthrough on gasification / cracking Resid Oil to 95-99 percent. This round of testing has successfully gasified / cracked 95-99 percent of the Resid Oil tested. According to Industry sources until now Resid Oil has not been successfully gasified/ cracked at these levels. Mobilestream will be testing the oil by-products that have been generated from its tests on their new gas spectragraph unit.
Mobilestream Oil announced as a result of this testing, that two major US petrochemical companies over the course of the next two months will visit the office of Mobile Stream Oil to investigate the gasifying / cracking process.
The United States use 21 million barrels of crude per day. After refined into various fuels, 1 million barrels of Resid oil can not be economically broken into useable fuels. The remaining Resid oil that could not be gasified / cracked is sold at an estimated price of $3.00-$10.00 per barrel.
Mobilestream is working to secure a licensing agreement for the commercialization of the technology with one or more of the world's leading oil companies which should result in major licensing and royalty revenues for Mobilestream.
Mobilestream Oil is an oil and natural gas exploration company focused on using our proprietary technologies for reverse polymerization and pyrolysis of materials and to maximize the output of under- utilized and non-producing oil wells in order to squeeze out every last ounce of production. Increasing prices continue to make primary and less conventional methods for extracting oil more cost effective and while Mobilestream Oil is relatively small compared to some of the larger players in the industry, our size is our advantage as we feel we can more quickly and effectively capitalize on expeditious opportunities. Using these same proprietary technologies, Mobilestream, has successfully broken down tires into the tire's component parts, capturing for resale virtually all of the raw materials used to manufacture the tires.
http://www.mobilestreamoil.com/
Posted 16th August 2006
