Sign up USA
Proactive Investors - Run By Investors For Investors

MGX Minerals and partner Highbury Energy start researching gasification of petcoke

As previously reported, Highbury's work included preparing a process to extract metals like nickel, vanadium, and cobalt
MGX Minerals and partner Highbury Energy start researching gasification of petcoke
Petcoke is a by-product of the oil and gas industry

MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF) updated further on its petcoke collaboration with Highbury Energy Inc.

As reported in January this year, Highbury's work included  preparing a detailed process to extract metals like nickel, vanadium, and cobalt from petroleum coke, or petcoke, which is a by-product from the oil and gas industry.

To date, work has been focused on the extraction of these metals.

But now the pair has announced expanded research and development (R&D) on the re-processing of petcoke waste product to a synthetic crude oil.

"The goal is to produce a fuel which can seamlessly integrate into existing refinery operations," it said.

"This represents a potential long-term use for the large existing stockpiles of petcoke as well as ongoing output of petcoke and other waste products without significant changes to the existing refinery infrastructure."

Petcoke is a by-product of the oil and gas industry that forms during the refining process. As refineries have become more efficient at processing extra heavy crude oils (bitumen) over the last two decades, global output of Petcoke has risen significantly.

The province of Alberta in Canada is known to host vast stockpiles of petcoke. According to energy regulator there, petcoke inventories are estimated to have reached 106mln tonnes in 2016.

The majority of Canadian petcoke output occurs close to oil sand producing regions, where bitumen is upgraded into synthetic crude oil.

Highbury is also helping MGX to design a process to generate hydrogen gas and concentrate metals in the form of ash byproduct.

Highbury has completed a Phase I report on potential processes and markets for primary and secondary byproduct, while a Phase II study has kicked off, including analyses of locations, lab bench top feedstock results, advanced process design and initial plant design parameters.

View full XMG profile View Profile

MGX Minerals Inc. Timeline

Related Articles

drill core
August 10 2018
The explorer has raised £563,000 to finance work towards a feasibility study
July 27 2018
MGX has a three pronged approach to its strategy and growth; commodities, processes and mass storage
Kola may have more than 1bn tonnes
August 20 2018
A first mineral resource estimate (MRE) for the Dongou Extension deposit had identified 232mln tonnes grading at 38.1% sylvinite (KCl)

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use