The project aims to demonstrate POSP’s commerciality and to establish a 10,000 barrel per day production facility. It is currently planned that the plant will restart in November.
Following a management visit to POSP, Tomco noted recent and ongoing developments, with work underway for plant evaluation, verification and debottlenecking.
Equipment needed to upgrade POSP has been defined, sourced and purchased, and deliveries to site are expected over the next two weeks, TomCo added. Control system equipment is on order, with longest lead items due during October.
It also noted that modifications are underway on POSP to enable the connection of Quadrise Fuels’ MSAR technology for the post-processing of produced oil. It is intended that testing of the MSAR technology at POSP will happen before the end of 2020.
Greenfield is a venture, between Valkor and TomCo. Valkor personnel will remain on-site during the start-up of the POSP and, once operational, will continue to manage the plant for Petroteq.
"Having just returned from a productive site visit to the POSP, I am delighted with the progress that has been made in such a short time and against the backdrop of COVID-19,” John Potter, TomCo chief executive said in the update.
“The POSP has been made ready to receive the outstanding equipment and control system components to complete the planned upgrade. With our partners we are targeting the restart of production at the POSP in November 2020 as we then seek to demonstrate its commerciality,” he added.