Second European refinery to run Headwaters heavy oil catalyst technology

22-Jan-2007

Headwaters Incorporated announced that it has scheduled the fourth commercial run of its HCAT catalyst technology designed to improve the upgrading of heavy oil to lighter transportation fuels like diesel and gasoline. Headwaters Heavy Oil has signed an agreement with a major European refinery to demonstrate the HCAT catalyst under commercial operating conditions. Headwaters has begun fabrication of equipment necessary to conduct the demonstration, which is expected to commence in late spring or early summer.

Headwaters Heavy Oil anticipates that the HCAT upgrading catalyst technology represents a leap forward from refining technologies that have been in use for nearly 50 years. The process uses the HCAT liquid catalyst precursor to generate a highly active molecular catalyst to convert residual oil feedstocks into higher-value distillates that can be easily refined into gasoline, diesel and other fuel products.

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