MCW Approach
MCW will utilize a proprietary, environmentally-safe, closed-loop technology, where the recovered solvents are compressed back to a liquid; then subsequently heated and re-circulated to an extractor vessel in an endless loop system. The remaining solids/sands are heated to remove any remaining solids. The result is dry sand, environmentally suitable for mine backfill as per EPA standards. The process has a proven 99% oil recovery efficiency.
- The technology is proven, scalable, highly mobile and earth-friendly.
- The continuous flow system is totally closed-loop, with near-zero solvent loss, emits minimal greenhouse gases and returns the sand to the environment in better-than-original condition.
- The system does not require water and works efficiently on a wide range of oil and sediment types.
And according to the U.S. Energy Information Agency the future picture for oil sand extraction only gets better. World oil prices are projected to rise from current levels to approximately $95 per barrel in 2015 and to $108 per barrel in 2020. After 2020, prices are forecasted to increase slowly to $133 per barrel by 2035. (Appendix B. Source: Annual Energy Outlook 2010 with Projections to 2035, U.S. EIA)