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Exodus Energy Evolution
At Exodus Energy Evolution, we are leading the charge in transforming tar-infused waste sands remediation and extraction from an environmental disaster into a model of sustainability and environmental responsibility. Our innovative process technology provides a highly strongly eco-friendly alternative to traditional methods, offering a pathway to cost-effective and environmentally conscious heavy oil production.
Successful Implementation of Pilot Tar Sands Plant
Valkor has previously undertaken the redesign and operation of a pilot tar sands plant located at the Asphalt Ridge facility in Utah. The purpose was to validate various aspects of the process, setting the stage for broader implementation in a full-scale facility. The initial pilot utilized a more cumbersome and less sophisticated process developed by others, and its performance was meticulously reviewed and verified by a third party. This external evaluation encompassed operating data, process simulation data, and the Front-End Engineering Design (FEED) report, providing an independent technical assessment. The operation of the pilot plant followed a systematic approach, verifying the performance of various technologies against theoretical limits. Changes were introduced incrementally, allowing for observation and measurement of their effects. Since the validation of the pilot plant and the termination of that contract, Valkor has dedicated the past year to the development of a significantly superior technology, surpassing anything currently available in the market. The new design is poised to bring about a substantial reduction in overall energy consumption, diminish environmental impacts through emissions reductions, and foster cleaner production practices, all while yielding higher-quality products.
Could it finally happen,
From their web page
Project Details:
Exodus intends establish a tar sands facility on an parcel of State-leased land northwest of Vernal, Utah, utilizing its cutting-edge technology. The verified reserve within the parcel is estimated to contain approximately 100 million barrels of Bitumen oil, with a current market value exceeding $7.5 billion USD. When factoring in the value of the sand, the overall project value exceeds $10 billion USD. Opportunities for additional acreage and plant development are available for the right investment partner. Despite employing the most conservative revenue projections, this facility is anticipated to recover its capital expenditure (CAPEX) costs within three years from the start of construction. These projections outlined here are based on the construction of a single plant with a daily oil processing capacity of 3,400 barrels per day (BOPD). At the initial processing rate, it would take a century to fully process the entire oil reserve. To accelerate the processing timeline to 15 to 25 years, we envision constructing four to six plants of similar or larger size on the site to meet this ambitious goal
Could this release funding,
Valkor has dedicated the past year to the development of a significantly superior technology, surpassing anything currently available in the market. The new design is poised to bring about a substantial reduction in overall energy consumption, diminish environmental impacts through emissions reductions, and foster cleaner production practices, all while yielding higher-quality products
I have emailed Coby and if I get a reply ill post it.
In the grand scheme of things this means very little without any solid substance to back things up. It seems these shell companies are popping up like flies with poorly made websites stating they will be using CORT tech or an alternate version of it to create a clean way to remediated the oil sands in Utah. Yet none of these companies have either the money to begin with in order to start their projects or even able to gain the funding they need to do it. Right now its all talk via pooly made websites with zero substance on the ground or on paper financially.
Until one of these so called oil sands companies actually finds the money and starts putting that money forward to build a plant, then I have next to no confidence that anything is going to happen regarding Utah's oil sands, and will take all these companies with a grain of salt, and that includes Tomco. I'm certainly not getting my hopes up here, even if a few dozen or more of these companies pop up with the same ideas and claims, it all means nothing without physical substance to back it all up.