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.
To avoid any misstatements of fact or material misrepresentations we clarify that neither Viscoil technology nor Viscoil equipment have ever been implemented in Russia, Bashkiria, or Tatarstan. Viscoil Holdings, LLC has never operated and has no intent to operate in the countries listed above.