- Joined
- Sep 7, 2007
- Messages
- 86
Low-Impact Raw Materials Extraction from Oil Sands
Munich, 2009-Jan-15
Researchers from Siemens Corporate Technology are working on a new, much more environmentally friendly process for extracting bitumen from oil sands. They want to use induction to heat oil-bearing sands and so release the valuable raw material. Canada is the main location of oil sand deposits, with around 178 billion barrels of heavy oils. About three percent of these resources have been exploited since the 1960s. Increasing oil prices for the foreseeable future, however, are now making extraction economically attractive.
Read Morehttp://http://w1.siemens.com/innova.../e_research_news/2009/e_22_resnews_0901_2.htmhttp://http://w1.siemens.com/innova.../e_research_news/2009/e_22_resnews_0901_2.htm
A friend of mine who deals with Siemens gave me the heads up on this. Simple and brilliant. Plus, from those of us in the oil patch who don`t believe the `30 years left of oil and then the world will end`, his engineering contacts estimate there is enough oil in the bitumen sands formations to supply us for up to 180 years at current consumption rates.
Enjoy,
Glenn
Munich, 2009-Jan-15
Researchers from Siemens Corporate Technology are working on a new, much more environmentally friendly process for extracting bitumen from oil sands. They want to use induction to heat oil-bearing sands and so release the valuable raw material. Canada is the main location of oil sand deposits, with around 178 billion barrels of heavy oils. About three percent of these resources have been exploited since the 1960s. Increasing oil prices for the foreseeable future, however, are now making extraction economically attractive.
Read Morehttp://http://w1.siemens.com/innova.../e_research_news/2009/e_22_resnews_0901_2.htmhttp://http://w1.siemens.com/innova.../e_research_news/2009/e_22_resnews_0901_2.htm
A friend of mine who deals with Siemens gave me the heads up on this. Simple and brilliant. Plus, from those of us in the oil patch who don`t believe the `30 years left of oil and then the world will end`, his engineering contacts estimate there is enough oil in the bitumen sands formations to supply us for up to 180 years at current consumption rates.
Enjoy,
Glenn