Questerre Energy Corporation Successfully Tests HCCO Oil Shale Technology at PX Energy Facility in Brazil
Questerre Energy Corporation has successfully tested its HCCO oil shale technology at the PX Energy facility in southern Brazil. This test marks a significant milestone as it was conducted in a full commercial-sized vessel, demonstrating the technology's engineering and technical validity at a larger scale. The Company aims to enhance efficiency, reduce costs, and improve the economics of the PX Energy project through this test, paving the way for the commercialization of greenfield oil shale projects.
The successful test of the HCCO process sets the stage for the next phase, which involves a longer test to establish the commercial operating parameters required for continuous operation. Questerre plans to implement the technology at the PX Energy facility to decrease internal fuel oil consumption and enhance the project's economics. Additionally, the Company is integrating these results into the design of a small-scale commercial demonstration plant for HCCO technology, further advancing its commercialization efforts.
Michael Binnion, President and CEO of Questerre, emphasized the significance of this achievement, highlighting the transition from laboratory-scale testing to a full commercial-sized vessel. This advancement is expected to drive down costs, improve project economics, and bring the Company closer to a commercial demonstration of HCCO technology. Questerre's focus on responsible development of oil and gas resources aligns with its commitment to leveraging new clean technologies and innovation to support sustainable energy production and consumption.
Questerre Energy Corporation is a leading energy technology and innovation company dedicated to the responsible development of oil and gas resources. With a substantial natural gas discovery in the Quebec Utica shale, the Company is poised to play a key role in advancing energy transition initiatives. By harnessing clean technologies and innovative solutions, Questerre aims to balance human progress with environmental preservation, ensuring a sustainable energy future for society.