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Recent economic outlooks have shown that alternative approaches to the oil and gas industry must be addressed. TRU Oiltech Inc. has been developed to research alternative systems and heavy oil upgrading technology to enhance the process of moving oil sands bitumen to processing plants.

TRU Oiltech is expected to provide substantial per barrel cost savings over existing methods. Oil producers transfer millions of barrels per day of heavy crude to refiners. This very large market potential makes TRU Oiltech an exciting new venture.

TRU Oiltech Inc. had been awarded funding for initial research, technology expansion and processing costs from Rival Technologies Inc. With the recent Oil & Gas Industry’s renewed interest in alternative fuel development; oil sand and bitumen production warrants further consideration from funding.