News Pdvsa unit lands biggest Asian supply contract for Orimulsion

Venezuela's Bitumenes Orinoco (Bitor) soon will sign a deal to sell 3.4 million tons/year of Orimulsion to Taiwan, matching its biggest sale to date. Orimulsion is an emulsion of extra heavy crude oil, water, and a surfactant that is designed to back out coal as a low cost, environmentally preferred boiler fuel. Bitor is a subsidiary of state owned Petroleos de Venezuela SA (Pdvsa). Far East market push Bitor Pres. Jorge Zemella said his company received "with great satisfaction" a report from Taiwan on the outcome of a tender by Taiwan's state owned power company to select new projects assigned to independent power producers (IPPs). Zemella said Bitor affiliate MC Bitor Lt...

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