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MEI Online: Environmental Issues: Latest News: May 24th 2013

 
 

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:: Titanium Awarded Final Canadian Patent for Breakthrough Oil Sands Tailings Technology

 

Titanium Corporation Inc. has been awarded the final of the three core Canadian patents that together secure its innovative green oil sands technology. The new patent is Canadian Patent No. 2662346 (Moran et al) for a novel process that recovers bitumen from froth treatment tailings.

"Securing this final Canadian patent is an important milestone in our intellectual property program that solidifies our position as the leading developer of value-added, environmentally advantageous tailings recovery technologies," said Scott Nelson, Titanium's President and Chief Executive Officer. "Recovering residual bitumen, solvents and minerals from oil sands tailings is a sustainable and profitable business that extracts value from industrial waste and reduces emissions."

Titanium has also received the final results of independent testing on its recent pilot at CanmetENERGY. The results are further confirmation that the Company's technology can recover large quantities of valuable residual bitumen, solvents and minerals from oil sands tailings, with important environmental benefits that include reducing greenhouse gas (GHG) emissions.

Titanium's pilot achieved excellent recoveries of 82 percent of residual bitumen from the oil sands tailings stream and 98 percent of the solvents. The pilot produced a large bulk sample of heavy mineral concentrates for separation processing into samples of zircon, an essential material in the worldwide ceramics industry. The pilot achieved all of its objectives at larger scale processing. These performance levels solidify confidence for commercializing Titanium's technology, the prime initiative the company is pursuing with industry and the Government of Alberta.

"While it takes time to commercialize new technology, we are seeing increasing support from stakeholders for our technology, which would recover up to 7,000 barrels per day of currently wasted bitumen and solvent."

 

 

   

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