Viscoil Holdings, LLC, (the “Company”) is a California limited liability company
organized to engage in research and the commercial development of hydrocarbon
production methods and technologies.
In 2009, the Company obtained an assignment of patent application and a worldwide license in
respect to a unique methodology for upgrading heavy crude and its components, including
residues and gas (the “Upgrading Technology”).
Additionally, the Company has developed and tested in the United States a commercial-scale processing device
incorporating the Upgrading Technology (the “Processing Device” or “VPD”).
Field tests have shown that the Processing Device is capable of
commercially processing various grades of heavy crude oils, along with their components
and residues, resulting in a significant: (i) decrease in viscosity, (ii)
increase in the yield of distillates, (iii) decrease in pour point, (iv) reduction in vacuum residue in
processed crude and (v) increase in natural gas liquids.
Further tests have shown: (i) a reduction in gas emissions, including a decrease in
methane and ethane gases with a considerable reduction in H2S and CO2, (ii) an increase
in diesel fraction and (iii) a coke reduction and corresponding increase in the
yield of distillates.
Construction and field tests of the Processing Device have shown that a commercially
ready device can be produced at a low CAPEX and can be operated at a low OPEX,
making it suitable for various commercial hydrocarbon upgrading applications.
The research has shown that, despite
downturns in certain segments of the petroleum market around the world, our
technology specifically addresses current issues and provides a new
economical approach to resolve them.
In 2011, VPDs were
successfully installed at many refineries in the US and Europe.