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expatbrat

“The goal was research,” said BP spokesman Steve Rinehart. “This was not a production-sized plant. But the processes were scaled up sufficiently to make sure that it would work.”

The plant used about Cook Inlet natural gas, about 3 million cubic feet a day, Rinehart said. The plant produced about 300 barrels of fuel daily, which it sold to Tesoro, operator of a nearby refinery, he said.

The project was a success, BP Alaska President John Minge said in a news release.

“The technologies developed and improved there will eventually play a role in meeting the world’s growing demand for cleaner fuels,” Minge said.

https://matthey.com/en/products-and-services/chemical-processes/core-technologies/fischer-tropsch-technology

This is on current 2020 website.

A long bedtime read:

https://books.google.co.uk/books?id=akVem4E9XzEC&pg=PA37&lpg=PA37&dq=Nikiski,+Alaska+bp&source=bl&ots=LjTG9dfwMX&sig=ACfU3U31CpokeMl7wJ8CzZPW7uH4thTqpw&hl=en&sa=X&ved=2ahUKEwjnpePmmpPqAhWUTcAKHffJB5EQ6AEwAnoECAgQAQ#v=onepage&q=Nikiski%2C%20Alaska%20bp&f=false

BP closure of Nikiski Alaska:

https://www.reuters.com/article/bp-alaska-gtl/bp-to-close-test-gas-to-liquids-plant-in-alaska-idUSN0254583420090902

A very old article regarding the Nikiski Alaska plant.

https://www.ogj.com/refining-processing/article/17291293/bp-says-alaska-gtl-demonstration-plant-technologies-proven

Awstin & HailHydr

This idea had been put to PHE some years back.

In my view these are just the type of projects that UK foreign aid should be used for. IMO over time, it would have a much wider impact on all the nations and peoples in the world than more localised GFA targeted schemes. If schemes like this can be managed profitably, then returns on the Government investment could be ploughed back into additional projects in a self perpetuating basis. I don't think this is fantasy thinking, I look at it as a medium to long term opportunity to clean up the Oceans.

I have also long held the view that with money from the GFA budget, PHE in a JV with the UK Government and developing world countries could install this type of technology in a relatively short time period. As always DYOR. c. £12 billion pa goes an awful long way to cleaning up the world as a priority to enhance the lives of future generations.

Wolves.

Tame2017, thank-you for your insight, much appreciated.

Wolves

Tame2017, what level of overview did you have to make that assessment? Did you work at the research centre in Sunbury? I'm genuinely interested and this question by me has no barb attached.

Wolves

Z-cars

Big research facility in Sunbury, Middlesex. Modern & state of the art.

https://www.statista.com/statistics/1090552/number-of-bp-patents-by-filing-year-and-status-worldwide/#:~:text=Number%20of%20BP%20patents%20by,legal%20status%20worldwide%201998%2D2018&text=In%202018%2C%20BP%20P.L.C.%20filed%20a%20total%20of%2061%20patent%20families.

Wolves

Cerea FYI.

https://biofuels-news.com/news/velocys-contracts-worley-to-deliver-technology-package-for-waste-to-fuel-projects/

BUTD, thank-you. I missed it on NEX.

I'm very happy with the price I paid and will be tucking a few more away in the next few days if it remains at this level. IMO this isn't gold plated it is a genuine nugget of a share!

Wolves

MM have played Prim today. I had two £7k+ buys today . I haven't seen one of them being reported yet.

Wolves

RKB, I always enjoy reading your analysis on this board. I'm a LTH of PRIM and have not always been supportive of the BOD. I do however think they have turned this around and IMO this is the strongest position that PRIM has been in since my original investment.

Listening to the Fresho interview, I would describe the company and its leaders as dynamic, and very capable of adjusting a business very quickly to changing circumstances. If all the companies that PRIM's BOD have invested in are similarly as competent then this bodes well for the future. Growth of business segments will tell the real story and potential here.

Two aspects of PRIM encouraged me to invest further and that was the BOD 6p Warrants and the BOD skin in the game share holdings. The future looks to be an exciting ride with maybe a few bumps along the way. My valuation of net worth is similar to yours, for me it is another LTH to enable the true value to be realised.

RKB please continue to share your analysis, they represent some of the better posts on these boards. As always everyone should DYOR.

Many thanks
Wolves

There's plenty out there to read and explore. Hydrogen the fuel of the future?

https://www.engadget.com/2019-10-08-energy-observer-solar-hydrogen-power-boat.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJzLPH5TKfkkzS3WCqsjD4PXumsmqsjALJ5KggPe46qldCgpVGJtxwg1VBuzTxEExNM8ksRZQ1joOmDsPf2nBRnjJ3yDCoxZt2JK0kqj4HYMvTtXENJjujP_nXRljrwrK8Ol8f70uX3Q0dU0VdPGTBLsnxSPpEONksbzt4JHJdLR

Interesting how this article links hydrogen to hydroponics but also aquaponics may be possible. Can you imagine old plastic and rubber powering intensive food production of the future?

And another article. Hydrogen and shipping.

https://blog.ballard.com/fuel-cells-marine-vessels

Background article.

https://spectra.mhi.com/hydrogen-needs-to-go-mainstream?gclid=EAIaIQobChMIzs7j7cHy6QIViZntCh26HQvbEAAYASAAEgIYI_D_BwE

Streaky1

Maybe! Organisations could use algorithms for specific trading. If the algorithm includes a variable such as the number of trades it could in theory at least trigger an automatic trading pattern. An algorithm is likely to be fairly complex with multiple variables so it all depends on its design and computation and the way in which the variables have been programmed to interact.

It is worth doing a google search on algorithms as a starter for this subject.

I believe it possible to automate a buying program based on a random number pattern.

An example: If processing 1000 trades per day at say £6 each then the daily cost would be £6000. This cost example however is very steep and is likely to cost a lot less if anything at all bar a single fee. Using a buying quantity of 10m shares per day this would represent 0.06p per share. (Can someone check my maths) As you can see, its an easy and cost effective way of hiding a share build.

Wolves

Stokey12 - I have always thought that W2T was over-valued in this takeover but have had to adopt a pragmatic approach.

I'm wondering if the delay has occurred due to a 'catch 22' scenario based on share ownership issues. If there was an alteration to the percentage allocations would this resolve any C22 if indeed it exists at all, and if there is no other path to be followed to ensure the takeover occurs?

Surely by the time they solve the issue of plastics there will be different feedstocks such as PIR boards from buildings reaching their end life that will require disposal.

Another example of an alternative is with forestry and tree stump harvesting. They already harvest tree stumps for biomass applications but the advantage maybe of PHE's plant is that it may have a quicker turn-around time. One of the issues however maybe the water content of the timber, another is how can the outputs be harvested in rural locations?

Another variable is that although the first and probably all the current plans relate to a fixed site, the question is could this type of plant be designed and scaled so it can easily be transported between sites with quick set up times. Whilst this may be inefficient in urban areas, in rural communities this may provide an answer to a considerable reduction in feedstock miles to plant. Economically this may be advantageous for both recyclable and non recyclable plastic.

Whilst this is maybe wishful thinking on my part and pie in the sky, engineering wise is it doable? Would it be an efficient use of resources? That's for the engineers and accountants. I have no hesitation in top slicing projects for highest rewards and therefore maximising the margins, but at some stage this will probably have to come down the food chain in feedstock terms and I believe it is always best to widen the search for opportunities.

I'm sure many of you who read this board could provide many examples of opportunities that PHE should / could review for viability. If you have, I suggest you send them in to PHE.

Looking forward to the future.

Wolves

And what can those investors in PHE's do?

Well if all goes to plan, maybe, in a good way, just touch the lives directly or indirectly of c. 7billion people.

Now that's a thought!

Wolves

jabberba

I don't dispute anything you have written in your two posts 18:27 & 18:40 as it is my understanding and belief also. I am firmly behind PHE and having both witnessed the G3 working and have spoken to DR and others whilst undertaking my due diligence . DR and this technology has my full support. Maybe if you and I we have a divergence in opinion it relates to the speed of travel once the first commercial system has been proved. I believe that rapid build and deployment is possible of multiple units but the manufacturing has to be co-ordinated. For me this would be best by a company with a proven track record of mass production. All this requires significant infrastructure and knowledge, not just of design but the most effective build process.
This plant needs to be out there, not in the 1's, 3's & 8's but in the 1, 10's & 50's etc. It is important to have the plans in place to gear up to maintain first market advantage. Others will soon follow and may deploy a different marketing strategy with a single cradle to grave offering including financial incentives etc.

Wolves

Stokey12 , this is going to be a really mixed picture and I doubt we will really know if the use of plastic needing recycling due to the Corona virus and general consumption will increase or decrease in the short to medium term. A couple of examples:

New car registrations are significantly down:

https://www.smmt.co.uk/vehicle-data/

This is probably keeping older cars on the road for the time being, however once things return to normal one might expect a wave of new car buying and also a significant increase in those being scrapped adding to the plastic waste pile.

In the opposite direction however is the use of bottled water where there has been a decrease in use and this may continue after things return to normal due to people just getting out of the habit of buy and preferring to top up water bottles at home.

https://www.thegrocer.co.uk/category-reports/the-rise-and-fall-bottled-water-category-report-2020/603079.article

What we do know or at least suspect however is that there will be a huge buffer or stockpile built up over many years of waste plastics that PHE should be able to tap into along with normal ongoing waste plastic utilisation.

As long as the tech works, the I imagine demand for PHE's type of process will be enormous. My hope is that a major company with both significant existing geographic market penetration and automated manufacturing construction facilities partners with PHE so our solution can be rolled out worldwide as quickly and sustainably as possible.

Wolves