The main product of the Fischer-Tropsch process, synthetic crude oil, requires additional refining to produce fuel products such as diesel fuel or gasoline.
22.
Petroleos de Venezuela's Corpoven unit said it's also seeking to secure a supply contract for the synthetic crude with Exxon's Baton Rouge, Louisiana, refinery.
23.
The original oil sands upgraders were designed to produce a high-quality synthetic crude oil ( SCO ) with lower density and lower sulfur content.
24.
Houston-based Conoco, a subsidiary of DuPont Co ., signed agreements Tuesday and Wednesday in Caracas to develop synthetic crude oil and power plant fuel.
25.
Upon reaching a refinery, the synthetic crude is processed and a significant portion of the upgrading agent will be removed during the refining process.
26.
But the market for synthetic crude stagnated when oil prices dropped in the mid-80s, several projects were scrapped, and the next 10 years were quiet.
27.
The venture will also build a unit to upgrade the output to make a lighter, more marketable synthetic crude at Jose on Venezuela's Caribbean coast.
28.
But the additional concern is that natural gas releases less carbon dioxide per unit of energy produced than oil does-especially heavy oil, or synthetic crude.
29.
Petroleos de Venezuela's Corpoven unit said it's also seeking to secure a supply contract for the synthetic crude with Exxon's refinery at Baton Rouge, Louisiana.
30.
In the next 20 years, the trans-Alaska oil pipeline may carry a new liquid _ synthetic crude made from the North Slope's huge natural gas reserves.
