Genoil finds partners for sulphur stripping technology
One party to the agreement is OJS Institute in Tatarstan, Russia
A clean technology engineering company has signed an agreement with two Russian institutions to develop cutting edge sulphur stripping technology to help ships comply with the 2020 global sulphur cap regulation.
Genoil’s tri-partite agreement with the UFA Scientific Research Institute of Petroleum Refining and Petrochemistry in Bashkortostan and the OJS Institute in Tatarstan, Russia, will focus on the petrochemistry, petroleum refining and gas chemistry industries.
“This is an exciting partnership and represents yet another significant step forward for Genoil's innovative technology,” said Bruce Abbott, COO of Genoil.
“All three parties are leaders in their respective fields of engineering technology and R&D and our combined expertise will allow us to bring to market new innovations and technologies to further transform an industry experiencing significant change."
The agreement combines Genoil's sulphur removal GHU technology which is an advanced upgrading and desulphurisation technology, which converts heavy or sour crude oil into much more valuable low sulphur oil, for a lower cost.
In particular, the group's activities will be concentrated on designing solutions for complex oil and gas refining challenges, the upgrading of petroleum for transportation and processing, including the removal of sulphur compounds, catalytic processes of fuel production, processing of hydrogen sulphide into elemental sulphur and the procurement, construction and start-up of projects.
The partnership has already received HSFO oil from a shipping client which is being tested at the UFA. The UFA is the sole government Institute specialising in refining and heavy residues processing technologies.