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Examples
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The strategic associations convert the extra heavy crude and bitumen from approximately 9° API to lighter, sweeter crude, known as syncrude, at the Jose refinery complex on Venezuela’s northern coast.
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Finally, PdVSA holds shares in four “strategic associations” that produce extra-heavy crude, for eventual upgrading to syncrude (see below for more details).
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Despite the controversy over back taxes or the increased royalty rate on syncrude projects (see above), existing Orinoco operators are also showing interest in expanding their projects in the area.
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Chevron, operator of the Hamaca project, signed a letter of intent with PdVSA in April 2005 to invest $6 billion in a new syncrude project, with potential output of 200,000-400,000 bbl/d.
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According to industry estimates, the four projects currently produce a combined 580,000 bbl/d of syncrude (see table).
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An offsite upgrader would further process the crude oil into lighter syncrude.
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A massive PR program is being pushed to convince the public that this can be done "cleanly" and that coal gasoline and tar sand syncrude are in reality, "clean energy sources".
RealClimate Ike Solem 2010
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A massive PR program is being pushed to convince the public that this can be done "cleanly" and that coal gasoline and tar sand syncrude are in reality, "clean energy sources".
RealClimate Ike Solem 2010
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The GTL technology at this facility works to produce syncrude (which requires refinement to create diesel and other liquid fuel products) from UCG syngas.
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The GTL technology at this facility works to produce syncrude (which requires refinement to create diesel and other liquid fuel products) from UCG syngas.
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