CanaPux, 90% Canadian bitumen encased in polymer puck, continues to make progress
CanaPux, 90% Canadian bitumen encased in a 10% polymer puck, continues to make progress.
Two potential off takers have stepped forward;
- Chinese company wanting to export to China for use in pavement and roofing applications
- Canadian company wanting to export to South Korea and India
The economics remain challenging, as it requires processing on both receipt and delivery points, but it may have a niche applications totaling 20,000 to 100,000 BBL/day. I estimate total processing costs to be ~$10 BBL USD.
– Mike Reed
Ars Technica Source Article: Canadian plans to transport oil as solid briquettes move forward