THE IMPORTANCE OF TRU
HOW DOES TRU WORK?
The TRU process takes heavy oil/bitumen feed-stock through a 'non-coking' cracker and a distillation unit. The output of this first step is the distillables (naphtha, distillate and gas oil), a distillation residure and overhead gas that can be used as process fuel. The distillation residue is sent to a deasphalter and the outputs are deasphalter oil (DAO), and asphaltene pitch - a blend material for asphalt. The deasphalter oil is combined with the distillables to produce a sour synthetic crude oil.
HOW WAS TRU DEVELOPED?
Rivals has spent millions developing the TRU process since 2005, working with an additive used in the mid-1980s to reduce the viscosity of heavy crude oil. We achived exellent results on Lioydminster heavy oil and have since successfully processed Athabasca bitumen. The key to the process is non-coking cracking of the whole bitumen as a first step without external hydrogen addition. No other system achieves non-coking cracking of bitumen. Our synthetic crude has an API and sulphur content that is similar to dilbit, but has a mush higher gas oil content and greatly reduced nickel and vanadium, lower TAN, and ultra-low coke (toluene insolubles). We believe it will sell at a premium to dilbit (our calculation is a 5% premium but it may be more). All of the laboratory work has been performed by the Alberta Research Council and is available if a Non-Disclosure Agreement is signed.
HOW WILL RIVAL BENEFIT?
Rival will license the TRU process to oil companies worldwide, in return for license fees and royalties levied on each barrel of production. We estimate the value of the Rival process at approximately $10.00 per barrel, making it extremely profitable for both producers and Rival. Heavy oil and oil sands are starting to dominate new discoveries worldwide, totaling many millions of barrels per day in current production. The market potential for Rival is enormous.