In a relatively short period of time, the clean energy sector has grown substantially with a multitude of energy companies such as solar, wind, waves (tides and ocean thermals) and water, offering the ethical or “impact” investor opportunities in a wide variety of emerging clean and/or renewable energy companies.
Even oil sands, an industry plagued with inefficient technology, costly infrastructure, leaking tailings ponds and lasting damage to the environment, has cleaned up its act.
MCW Energy Group, with its breakthrough oil sands extraction process proved during a demonstration trial in Utah last October that oil sands can indeed be sustainably processed with a low emission extraction system.
With MCW’s closed loop process, no water is consumed, no greenhouse gases are produced, no high temperatures or pressures needed, and no tailings ponds are needed.
The benign solvents remain within the closed-loop system, therefore the only materials leaving the system is the oil and the resulting clean sand, which can be replaced to its origin.
The unique solvent basis of the process also means that a primary input cost - petroleum products used in the extraction process - are considerably lower as a result of lower oil prices, lowering MCW’s cost per barrel to $28 vs. $35 prior to oil’s precipitous tumble.
[Photo Credit: Jason Scragz]
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Why,with such a patented way to extract oil so cheaply is this company so cheaply quoted
I thank you for your answer.
That’s a very good question. Often times, there’s more skepticism about new technologies, especially when it’s environmentally-friendly. For over 5 decades oil development companies large and small have attempted to exploit oil sands deposits, not only in America but in Africa and Asia. Their failures have left a litany of less than desirable results with unfilled strip mining cavities, tailings ponds, compromised aquifers, etc. In most cases water wasn’t available for the regular (and damaging) SAGD methods. It will take some time and a good production record to establish MCW’s credibility as America’s first environmentally-friendly oil sands project. It promises to be an exciting journey, and certainly a rewarding one for those who recognized MCW’s great potential in the very beginning.
Hi Paul,
Like most MCW Energy investors, I’m starved for company news, especially concerning Vernal plant operational status and progress of funding for the two 2500 bbl plants. It would be a kindness to folks like me if MCW established a periodic news release program… even if it said nothing more than “talks are still ongoing”!!! Please consider it.
Thanks!
Best wishes,
Earl
Hi Earl,
Just wanted to say I agree very much! I think we will hear a lot more as soon as the machine si running. Also hope that will have positive inpact on the price of the share..
Christina and Janne
Hello Christina…thank you very much for joining our forum here. We’ll be posting regular news on oil shipments, prices obtained and news on joint venture partners and funding for our proposed $ 70 million 5,000 bbl/day plant.
I am sure that it will be good news for all of our valued shareholders in Sweden!
Paul
Hello Earl…thank you for your comment posted here. Once our initial plant is up and running in full production mode, we’ll be able to post ongoing news not only on production numbers but also for prices we obtain for our better than average quality oil. We will also be providing updates on our negotiations for funding and potential joint venture partners.
Paul Davey
I am geologist for one of the majors and also an individual investor. I am looking forward to production information as well as how much revenue and profit the 250 bbpd plant made in say a month of production. That will go a long way to inform investors of MCW’s potential in addition to attract more investors. personally I am waiting for this information to take a bigger stake in MCW. I wish you guys all the best and I am rooting for you.
I also sent a comment/suggestion of hedging. since you guys sell oil and use its products in your solvents. you can hedge on high oil and low oil to maximize your profits. now that prices are low you can have an agreement to acquire a percentage of your solvents for a fixed price locking in the $28 cost. In addition when prices pick up hedge on that side too to sell a percentage of your oil for a high price.. just a thought. I am looking forward to the production information and economics. Good luck!
Sorry for the delay in getting back to your email above. For some reason, I didn’t receive a notification for a “moderator’s comment,” which is how this feature works. As of this month, (May), MCW has transformed its ground-breaking technology from one of demonstration stage into a (small) production facility. At present, we are working on one shift per day and after several training sessions with new personnel, we will be moving into (at first), a second shift. Later on in either late June or early July, we will be adding a third shift so that we’ll be running 22 hours per day, seven days a week. At the present time, we will not be involved in hedging with the fluctuating oil price scenario, but I can advise you that we are producing a much higher grade of oil (32 API and up) which will provide us with much better prices from the local distributor. We will be experimenting with the most ideal grade of oil which is achievable by leaving a certain level of our solvents in the final product. If solvent prices remain at these low levels, we will be able to keep a higher level of solvent within our product when sold to the local truck distributor for delivery to the refineries in Salt Lake City. We are in continual contact with the 4 refineries there and we are supplying them with samples for processing tests. Thank you for your good wishes and watch for news on our expanded capacity as 2015 unfolds!
Regards,
Paul Davey
Communications Liaison Officer
MCW Energy Group