It will provide Syntroleum access to about $ 50 million in SLH assets, which Syntroleum will use to continue developing a still-unproven chemical process that cheaply converts natural gas to synthetic crude oil.
42.
Construction of a new bitumen upgrader, which will take the raw material produced from the oilsand deposits and refine it into synthetic crude oil, will begin in 1999 and be completed by 2002.
43.
The Great Canadian Oil Sands Limited ( then a subsidiary of Sun Oil Company but now incorporated into an independent company known as Suncor Energy Inc . ) produced of synthetic crude oil.
44.
In 1993, U . S . plants stepped up capital spending to convert heavy oil into lighter fuels, such as bunker fuel for ships and synthetic crude that is further refined into gasoline.
45.
Conoco and Petroleos of Venezuela subsidiary Maraven on Wednesday announced an alliance to make heavy oil and convert it to synthetic crude oil for processing in Conoco's U . S . refineries and elsewhere.
46.
This does not include the cost of upgrading the crude bitumen to synthetic crude oil, which makes the final costs C $ 36 to C $ 40 per barrel for a new mining operation.
47.
Syncrude Canada Ltd ., Fort McMurray, Alberta ( 172, 000 bbl / day ) U : Syncrude has received Alberta government approval to expand its synthetic crude plant to 217, 000 bbl / day.
48.
In the past, Syncrude dug the sand out of huge open-pit mines with giant scoopers, then moved it on long conveyer belts to a plant where the molasses-like substance was converted into synthetic crude.
49.
There are several hundred thousand barrels per day of this blend being imported into the US, in addition to larger amounts of crude bitumen and synthetic crude oil ( SCO ) from the oil sands.
50.
Atlantic Richfield Co . and Syntroleum Corp . said they plan a pilot project to convert natural gas into synthetic crude oil, a process designed to make it profitable to exploit remote natural gas fields.
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