a Worldwide Organization
CORPO-PETROL operates actively in downstream markets of the oil & gas industry including but not limited to transportation, storage, trading and risk management in the following active markets:
• U.S. GULF COAST
• ARAB GULF
• MEDITERRANEAN/BLACK SEA
• GAS/OIL/NO. 2 HEATING OIL/DIESEL
• AVIATION FUEL
• GASOLINE/ALL GRADES
• RESIDUAL FUELS
• STEAM COAL
• COKING COAL
CORPO-PETROL IS CONTINUING TO DEVELOP ALTERNATIVE ENERGY SOURCES WITH AN EYE ON 21ST CENTURY REQUIREMENTS:
CORPO-PETROL has studied the Bio-Diesel industry for the past 5 years with special emphasis on the past 12 months. CORPO-PETROL and its JV Partners will fund the construction of two refinery plants. A $3 billion in funding will support the construction and operational cost for the plants for approximately 18 months; cash flow should be positive within the first six months for each plant.
Bio-diesel fuel is an alternative fuel source (diesel fuel) refined from soybean oil or animal fats. It can be blended at any level with petroleum diesel to create a bio-diesel blend. It can be used in compression ignition (diesel) engines with little or no modifications. It is simple to use, biodegradable, non-toxic, and essentially free of sulfur and aromatics. It is made from a chemical process called transesterification whereby the glycerin is separated from the fat or vegetable oil. The process leaves behind two products – methyl esters (the chemical name for bio-diesel) and glycerin (a valuable by-product used in the medical industry). Fuel grade bio-diesel must be produced to strict industry specifications (ASTMD 6751) in order to insure proper performance.
The official definition, consistent with federal and state laws, and also the Original Equipment Manufacturer (OEM) is as follows: Bio-diesel is defined as mono-alkyl esters of long chain fatty acids derived from vegetable oil or animal fats which conform to ASTMD 6751 specifications for use in diesel engines. Bio-diesel refers to pure fuel before it is blended with diesel fuel. Bio-diesel blends are denoted as Bxx with xx, representing the percentage of bio-diesel contained in the blend (IE) B?0 is 20% bio-diesel and 80% petroleum diesel. This blend has been proven to reduce toxic emissions while improving overall performance. Given the current price of diesel fuels, the blended product also offers a cost savings to end-users.
THE ADVANTAGES OF BIODIESEL
Pure biodiesel is biodegradable, nontoxic and essentially free of sulfur and aromatics. It is a renewable resource, based on soybean and other oil crops that are grown anew each year. The USDA estimates an excess inventory of 1 billion pounds of soybean oil, which is the equivalent of 133 million gallons of biodiesel. Additionally, estimates show 2.5 billion pounds of available recycled cooking oil produced annually, with approximately 100 million gallons worth of production that could be used to meet additional demand.
It is produced domestically, reducing this country's dependence on foreign oil. It requires no engine modifications or changes in the fuel handling and delivery systems. Some vehicle hoses may need to be changed. Biodiesel delivers similar torque, horsepower and miles per gallon. For the first time in over nine years, biodiesel now holds a price advantage over diesel.
SAFER AND CLEANER FUEL
Biodiesel offers fleet operators a safer, cleaner alternative to petroleum diesel. Biodiesel is made from renewable fats and oils, such as vegetable oils, through a simple refining process. For example, Pacific Biodiesel produces biodiesel from used restaurant fryer oil. One of the main components for fryer oil is soybeans, a major crop produced by almost 400,000 farmers in 29 states.
Biodiesel is recognized as an alternative fuel. In its neat form and in blends of 20% or more with petroleum diesel, the US Department of Energy has acknowledged biodiesel as an alternative fuel. Biodiesel can be used for vehicle credits under the Energy Policy Act.
Biodiesel operates in conventional combustion-ignition engines, from light to heavy-duty, just like petroleum diesel. No engine modifications are required, and biodiesel maintains the payload capacity and range of diesel. Since engine modifications are not required, there's no need to change vehicles, spare parts inventories, refueling stations or special skilled mechanics. Vehicle hoses need to be checked after the first 6 months of operation on biodiesel.
Biodiesel cuts down on targeted emissions. Biodiesel used in a 20 percent blend with petroleum diesel and a catalytic converter will cut air pollution. Particulate matter is reduced 31 percent, carbon monoxide by 21 percent and total hydrocarbons by 47 percent. Biodiesel used in a blend will also reduce sulfur emissions and aromatics. Using 100% Biodiesel further reduces emissions and carcinogenic compounds.
OTHER ALTERNATIVE FUEL PROJECTS
CORPO-PETROL is vigorously pursuing Clean Energy Solutions. Management takes pride in its accomplishment of having developed a technology that can utilize hydrocarbon resources in a clean and responsible manner and is now primed for commercialization. These items alone will be crucial in helping to solve the world's energy issues. Having enough energy is one thing, but producing it in a clean manner and having an environmentally cleaner product is even more important.
With that in mind, the company must continue the development of innovative alternatives of clean energy fuels such as: coal-to-liquids (CTL) and gas-to-liquids (GTL), the formula process will convert Coal and Gas into liquid ultra-clean transportation fuels.