Rival Technologies Inc.-Reports Spectacular Conversion of Athabasca Bitumen to TRULITE(TM)
February 26 2008 - 9:00AM
Marketwired
LAS VEGAS, NEVADA reports that in a recent run of their primary
upgrading technology, subsidiary TRU Oiltech has documented the
highest ever conversion of Athabasca bitumen to TRULITE(TM) - a
distillable pipeline grade synthetic crude oil (SCO).
Typically, bitumen contains less than 45% distillable components
(naphtha, distillate and gas oil), and cannot be pipelined to a
refinery.
Using 10.7 API bitumen and the TRU(TM) process we achieved an
86.3% volumetric yield of pipeline grade SCO containing 82.7%
distillables which represents 71,400 (82.7% X 86.3%) barrels of
distillables from 100,000 barrels of bitumen feedstock.
The competitive product, pipeline grade SCO "dilbit", prepared
by blending this same bitumen with condensate contains only 61.5%
distillables, i.e. 61,500 barrels from 100,000 barrels of
dilbit.
"These results - highest ever yield and percentage of
distillables - clearly set a new standard in visbreaking-type
primary upgrading technologies for bitumen and will accelerate
commercialization of the TRU(TM) process and the building of a
pilot production facility," stated Sandy Constable, President of
TRU Oiltech.
Worldwide, oil sand and heavy oil resources are massive. In
Alberta alone there are three major oilsands deposits. The
Athabasca deposit, largest and estimated to hold 1.3 trillion
barrels of bitumen is a primary market for commercialization of the
TRU(TM) process.
Rival Technologies Inc. is an innovative energy related
technology company, investing in emerging technologies. The company
has filed several provisional patents and is now focused on
licensing its technology for industry use.
Douglas B. Thomas
President and CEO
Certain statements in this press release constitute "forward
looking statements" within the meaning of the United States
Securities Legislation. The Company's actual results could differ
from those in the forward-looking statements. Do not construe this
information as investment advice. This is not a solicitation to buy
or sell securities. This does not purport to be a complete analysis
of the Company. Investing in securities is speculative and carries
a high degree of risk. Past performance does not guarantee future
results. Readers should consult their own independent advisers with
any investment, including any contemplated investment. All
information contained in this press release should be independently
investigated. This press release contains forward-looking
statements. These remarks involve risks and uncertainties. Risks
are not limited to quarterly fluctuations in results or the
companies' management of growth and competition. Other risks are
detailed in the Company's SEC filings. Actual results may differ
materially from such information set forth herein.
Contacts: Rival Technologies Inc. Investor Relations
1-866-601-1340 Email: info@rvti.com Website: www.rvti.com
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