MCW Energy Group Limited, ("MCW"), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, today announced that a corporate profile story on MCW is currently appearing in the February 2013 issue of the International Resource Journal (IRJ), a major electronic resource publication distributed online to top executives worldwide.
The International Resource Journal story focuses on MCW's breakthrough, oil sands extraction technology in an industry often criticized for its extraction processes by concerned environmentalists throughout Canada and the United States. The MCW story elaborates on the Company's proprietary, patent-pending oil sands extraction technology, which requires no water (a major benefit in desert locations), high temperatures or pressures. Included in this feature, are some candid comments from MCW's CEO, Dr. R.G. Bailey who expresses confidence in the future of MCW's unique technology in Utah where there's been no commercially-viable oil sands extraction technology to date. He also outlined the tremendous upside potential for worldwide licensing. Utah has over 30 billion barrels of oil (U.S. DOE) within 8 major deposits....representing a massive untouched resource.
MCW's corporate profile story is available online at the International Resource Journal's website:
www.internationalresourcejournal.com . This electronic publication is issued monthly to over 108,000 top executives in the oil and gas, mining, renewable fuel and alternative energy industries. It is also available on Canadian Business Journal's website: www.canadianbusinessjournal.ca , which Is also an online electronic business publication to over 37,000 subscribers in industry sectors such as mining, oil and gas and technology.
MCW is now entering the assembly stage of its initial extraction plant on its lease location in Asphalt Ridge, Utah. It is expected that upon assembly completion, the Company will subsequently conduct a series of tests on the efficiencies and capacities of the unit prior to production.
About MCW's Technology:
MCW has developed an environmentally-friendly, continuous flow, closed-loop extraction technology on which a patent application is pending in both the United States and Canada. While this technology has not been previously proven in the United States or Canada, MCW anticipates that it will extract all types of hydrocarbons from oil sands materials (oil-wet or water-wet).
This extraction technology does not use any water during the extraction process. It is not anticipated to produce greenhouse gases, nor does it require high temperatures or pressures, and is anticipated to extract a significant amount of hydrocarbon content. It is also anticipated to recycle a significant amount of benign solvents within the closed-loop system. More information on the technology may be seen on MCW's website.