CALGARY, March 9, 2015 /CNW/ - Further to the announcement (on March 2, 2015) of its corporate transformation to provide Value Chain Enhancement Solutions ( " VCS " ) to Oil Sands and Refining Industries, Value Creation Inc. ( " VCI " ) is pleased to announce the Regulatory Approval of its Clean Oil Cracker ( " COC TM " ) at its Heartland Complex ( now called " VCS-H " ).
COC TM is a VCI proprietary, low cost cracking process that can achieve very high conversion of the Clean Resinous Heavy Hydrocarbons produced by VCI proprietary ADC TM process ( Accelerated Decontamination ) which transforms bitumen into Clean (Modestly) Heavy Oil by very selective and almost complete removal of carbonaceous asphaltenes ( as solid aggregates in water slurry).
With ADC/COC, it is expected to be the most cost effective Value-Add process to produce Premium Medium Crudes ( from bitumen), Be-Fitting Most Refineries globally (i.e. our Clean Oil La-Fit Brand, " COLF TM " ), with enhanced sustainable performance.
VCI has regulatory approval for a 260,000 bpd Project at our Heartland site, the pivotal logistics hub bridging oil sands producing regions and refinery markets.
Dr. Columba Yeung, Founder/Chairman/CEO of VCI remarks:
"VCS-H is our anchor platform to provide Value Chain Enhancement Solutions to Oil Sands & Refining Industries. VCI intends to move expeditiously to develop a very specialized Clean Oil Refinery (" CORe TM "), synergistically integrated with ADC/COC, to produce Ultra Quality Fuel Products. Together, this would serve as model complex for our global aspiration. "
This notice or the information contained herein is not being issued in or into, and may not be distributed directly or indirectly in or into, the United States of America or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
CAUTION ON FORWARD-LOOKING STATEMENT
This communication is based on information available when the materials were prepared and is provided as a matter of convenience only. VCI makes no warranty or representation, express, implied, statutory or otherwise, as to the accuracy or completeness of the information contained in this communication. VCI disclaims liability for any reliance upon any information or representation contained in this communication, for any omissions from this communication, and for any written or oral communications made by VCI or its representatives in connection with this communication. This communication does not necessarily contain all the information that a recipient may require or desire. Any reliance or use of such information is done at the recipient's sole risk. This communication is not and under no circumstances is to be construed as an advertisement or offer to sell any securities of VCI. Certain statements contained in this communication may be prospective in nature and constitute forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that could cause VCI's actual results, performance or achievement to differ materially from those expressed in, or implied by, the forward looking statements. Accordingly, no assurance can be and none is given in this communication that any of the forward looking statements will transpire or occur, or if any of them do so, what benefits VCI will derive therefrom. VCI disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
SOURCE Value Creation Inc.
For further information: please contact Samantha Yeung at 403-539-4510 or email Samantha.Yeung@vctek.com and visit the Value Creation Inc. website at http://www.vctek.com/