France's Axens, US HTI form tech alliance for heavy oil ugrading

16 May 2013 14:27  [Source: ICIS news]

LONDON (ICIS)--Catalyst and technology firms Axens and HTI have agreed to combine their technologies for heavy oil upgrading, the companies said on Thursday.

The combination of the technologies will enable refiners to achieve higher heavy-oil conversion levels or to use poorer-quality, lower-cost crude oil feedstocks, France-based Axens and US-based HTI said in a joint statement.

The specific technologies are HTI’s HCAT hydrocracking process and Axens’ H-Oil ebullated bed hydrocracking process for residue upgrading.

Financial terms were not disclosed.

Axens provides technologies, catalysts, adsorbents and services to the refining and petrochemicals industries. HTI is a subsidiary of Utah-based energy and construction services group Headwaters.

By: Stefan Baumgarten
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