Energy News Today

TomCo Energy PLC JV completes Utah plant trial work

() said Greenfield Energy, its 50/50 joint venture with Valkor, completed planned trial work utilising Petroteq Energy’s oil sands plant in Utah.

Work is now underway to complete the engineering and design (FEED) study and third-party verification process by the end of July 2021 and due diligence on the Tar Sands II site.

John Potter, TomCo’s chief executive, said : “I am delighted that Greenfield has now concluded their work at the POSP and that all the data and information required to inform the FEED study has been obtained. 

“Whilst there have undoubtedly been some challenges along the way, our primary objectives have been achieved. 

“Greenfield’s focus therefore now shifts to completing the due diligence exercise on the Tar Sands II site and progressing the required funding package in order to pursue construction of the first 10,000 bopd facility.” 

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2021-07-02 03:42:00

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