Star Petroleum Corp.: Company Negotiating Increased Participation in New Energy Technology.CALGARY, Alberta -- On behalf of Star Petroleum Corp. (PINK SHEETS:SPMP SPMP Software Project Management Plan SPMP Skilled Professional Medical Personnel SPMP Site Protection and Monitoring Programme (UK) SPMP Specific Parcel Master Plan (city planning process) ) (the "Company") President Rod Burns, P. Eng P. ENG Professional Engineer P. ENG process engineer ., reports that the Company has elected to more aggressively pursue the acquisition of certain interests and rights to a new and very exciting Energy technology. More particularly, the technology and method is internally referred to as a low-profile fluid catalytic cracker catalytic cracker n. An oil refinery unit in which the cracking of petroleum takes place in the presence of a catalyst. catalytic cracker Noun . Mr. Burns commented, "In order to allow interested parties to better understand the magnitude of this opportunity it is probably worthwhile to explain what the process is and why we feel this is so important to the Company." He went on to say, "The average person has a pretty good idea of the current price of a barrel of oil. It has been making headlines for years and has been one of the most hotly discussed topics this year in particular. But, the price refers to crude oil, not the end products we consume. The problem with crude oil is that it contains hundreds of different types of hydrocarbons all mixed together. You have to separate the different types of hydrocarbons to have anything useful. That process is known as oil refining. Within the industry, oil refineries This is a list of oil refineries. The Oil and Gas Journal also publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. employ various refining technologies, depending on the desired end products." Fluid catalytic cracking is a commonly used process and a modern oil refinery will typically include a cat cracker Noun 1. cat cracker - a chemical reactor for converting oils with high boiling points into fuels with lower boiling points in the presence of a catalyst catalytic cracker , particularly refineries in the USA due to the high demand for gasoline. The process was first used in 1942, and employs a powdered catalyst used to speed up the cracking reaction. Initial process implementations were based on a low activity alumina alumina (əl `mĭnə) or aluminum oxide, Al2O3, chemical compound with m.p. about 2,000°C; and sp. gr. about 4.0. catalyst and a reactor where the catalyst particles were suspended in a rising flow of feed hydrocarbons in a fluidized bed A fluidized bed is formed when a quantity of a solid particulate substance (usually present in a holding vessel) is forced to behave as a fluid; usually by the forced introduction of pressurised gas through the particulate medium. . In newer designs, cracking takes place using a very active zeolite-based catalyst in a short-contact time vertical or upward sloped pipe called the "riser". Pre-heated feed is sprayed into the base of the riser via feed nozzles where it contacts extremely hot fluidized catalyst at 1230 to 1400 degreesF (665 to 760 degreesC). The hot catalyst vaporizes the feed and catalyzes the cracking reactions that break down the high molecular weight oil into lighter components including LPG LPG: see liquefied petroleum gas. 1. LPG - Linguaggio Procedure Grafiche (Italian for "Graphical Procedures Language"). dott. Gabriele Selmi. Roughly a cross between Fortran and APL, with graphical-oriented extensions and several peculiarities. , gasoline, and diesel. The catalyst-hydrocarbon mixture flows upward through the riser for just a few seconds and then the mixture is separated via cyclones. The catalyst-free hydrocarbons are routed to a main fractionator for separation into fuel gas, LPG, gasoline, light cycle oils used in diesel and jet fuel, and heavy fuel oil. "After many years of study, testing and work, Process Innovators, a private Salt Lake City based company composed of a group of Chemical and Structural Engineers and Scientists teamed together with the University of Utah's Department of Chemical Engineering and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Argonne Labs to create a new improved method of cracking crude oil." said Burns. "This is the process in which we have such a considerable interest." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the principals of Process Innovators, the design of the new low profile Fluid Cat Cracker provides a number of key advantages. A potential 40 % savings on the cost of construction of the new Cracker (1) A person who breaks into a computer system without authorization, whose purpose is to do damage (destroy files, steal credit card numbers, plant viruses, etc.). Because a cracker uses low-level hacker skills to do cracking, the terms "cracker" and "hacker" have become as opposed to the cost to build a traditional unit; a predicted 4% -7 % increase in cracking efficiency. Even a 1% improvement is highly desirable in the refining industry; the design allows for more efficient cracking of heavy crude, turning low value risid (used for asphalt asphalt (ăs`fôlt, –fălt), brownish-black substance used commonly in road making, roofing, and waterproofing. Chemically, it is a natural mixture of hydrocarbons. ) into products of higher value; the design of the new unit allows for introduction of feed stock (heavy crude) into the new cracker at a temperature and pressure best suited for breaking down the type of crude to be refined; the new design allows the crude oil to be reduced at lower pressures and temperatures. This makes the unit safer, and more cost efficient to operate because less heat and pressure are required; the new design allows for a much higher ratio of catalyst to feed stock (crude to be refined). Every Refiner in the world is looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. better Cat to Oil ratios in their Cracking units because of the efficiencies and possibilities of creating better products. The Low Profile Fluid Catalytic Cracker offers almost 3 -1 improvements over traditional units. In summarizing the combination of advantages the new design has over traditional fluid catalytic cracking units, the principals of Process Innovators are confident that the new LPFCC should deliver a cost savings in the refining process of between $4 - $8 per barrel of Crude. The exact savings will depend on how heavy the crude feed stock is. This represents an enormous cost advantage within the industry. About Star Petroleum Corp. The Company is currently acquiring and venturing within the Oil and Gas sector. The initial focus and development will be on lower risk, high quality prospects which will provide the Company with a higher probability of success. Each of the projects currently under consideration will be described in greater detail as they progress. More information about the individual ventures can be found on the Company's website at www.starpetroleum.us. This press release contains statements, which may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Star Petroleum Corp. (PINK SHEETS:SPMP) |
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