Albemarle, OptiFuel To Offer Coker Additive Tech
January 08, 2009
Albemarle Corp. has formalized a collaboration agreement with OptiFuel Technology Group, a coker technology development and licensing company. Under the agreement, the two companies will work together to commercialize a new coker additive technology designed to substantially improve liquid and gas yields.
Known as "OptiFuel," the proprietary technology reportedly can be easily implemented and is functional within any coker configuration with only minor modifications. In addition to improved economics, the technology promotes environmentally friendly practices in refinery operations through the more efficient recovery of valuable transportation fuels.
"Albemarle and OptiFuel are aggressively combining technology and expertise to create a powerful solution that enhances the refiner's liquid throughputs in an environmentally sound manner, regardless of feed characteristics," said Scott Martin, vice president of Albemarle's Fluid Catalytic Cracking group. "We are pleased to add this dynamic new technology to Albemarle's extensive portfolio of innovative additive solutions."
"We are excited to team with Albemarle in this collaboration to accelerate the implementation of our technology in the global refining industry," said Roger Etter, vice president of OptiFuel. "Albemarle's experience and expertise provide the elements necessary to successfully move forward with this technology which can increase the production of gasoline and diesel fuel per barrel of crude and produce significant increases in annual revenues when implemented in refineries and oil sands upgraders throughout the world."
OptiFuel Technology Group is an Illinois based company focused exclusively on the development of innovative and cost effective coker process technologies. The company owns several existing and pending patents in this area, and continues its work in the forefront of technology development in this increasingly important aspect of crude oil refining.
Albemarle Corp., headquartered in Baton Rouge, La., is a leading producer of specialty chemicals for consumer electronics; transportation and industrial products; pharmaceuticals; agricultural products; construction and packaging materials. The company's three business segments, Polymer Additives, Catalysts and Fine Chemicals serve customers in nearly 100 countries, generating annual revenue of approximately $2.4 billion.
Source: Albemarle Corp.
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