Carbon Technology Group Plc
CTG has developed a unique set of environment solutions capable of delivering cost effective waste oil recovery and production enhancement solutions to the oil industry.
CTG environmental technologies offer potential enhancement and cost advantages to oil companies
CTG has built a high quality team with broad international technical, commercial and financial experience in the oil and corporate finance sectors.
CTG has agreed terms to form a joint venture company with an international oil service company:
- To bring all of the logistical and operational skills to successfully apply the CTG technologies.
- To provide the capital and financial support to implement projects
- CTG will licence its technologies to this new joint venture company
Board memberJim Bradley | CEO and Director
+37 years of international technical, commercial and senior managerial experience with BP, ARCO, Petro-Canada and most recently with White Rose Energy Ventures, a company that he co-founded in 2010 and raised over $400m from US private equity houses Riverstone and First Reserve.Ian Roos | Chief Technical Officer and Director
Over 20 years’ experience in the oil, marine and mining industries, having run several successful businesses in South Africa, New Zealand, Singapore, and the UK. Ian has designed several solutions to resolve issues for a number of large oil corporations, Ian applied the research to focus on production enhancement and legacy problems of waste oils from field operations.Simon Frost | CFO and Director
A qualified Chartered Accountant (FCA) with an Engineering degree from Camborne School of Mines. He has spent 25 years in the City, specialising in M&A and corporate finance advisory work formerly in his capacity as Head of Corporate Finance at Walker Crips Group. Simon has advised on and managed capital raising activities and listings for numerous companiesDavid Harlington | Non Executive Director
Technical management roles at BP and has since retirement from BP has acted as consultant to numerous international oil companies with particular focus on field development and the application of technology.
Originally developed to help liquefy solid sludge, the organic product has also proven effective in replacing Naphtha and Condensate as a cutter stock allowing:
- Reduced heating prior to export
- Increased pumping rates
- Reduction of deposit build-up in the pipelines
The application of our dynamic cavitation blender in the export lines
improves the overall oil quality and prevents stratification in the lines
Current test and developments are underway to remove sulphur and other metals mechanically reducing the cost of sulphur scavengers and improving the value of the oil
Major oil producer in South America is looking to substitute, decrease, or eliminate the use of Naphtha as cutting fluid in the field export pipeline with a proven environmentally friendly lower cost substitute.
CTG is in exclusive negotiations with the pipeline operator, to enter a 5 year supply contract, with extensions, for additive supply for this project.
Laboratory tests have been carried out on the pipeline oil showing viscosity improvements of >200%. The project will be developed in phases as follows:
Phase 1 A pilot test will be carried out commencing in Q4 2016
Phase 2 Treatment of 80,000 bbl/d at the discharge station delivered by road transport.
Phase 3 Installation of a treatment plant linked to the pipeline, processing an additional 140,000 bbl/d.
Phase 4 Expand the solution to the remaining Company oil fields providing an additional 380,000 bbl/d
Huge potential follow-on in-country and wider in South America if pilot test is successful
Segment Prime Market identifier TBA Name Carbon Technology Group Plc Short name CTG Sectors Oil and gas ISIN TBA Currency GBP Trade post 100 Trade start 2014-08-20 Number of shares 1000000 Vat number Entity number 08664249 Country United Kingdom Instrument type share Votes per share 1 Stock type A