Star Petroleum Corp.

Star Petroleum Corp.

April 03, 2006 19:21 ET

Star Petroleum Corp.: Company Comments on the Benefits of Low Fluid Catalytic Cracking

CALGARY, ALBERTA--(CCNMatthews - April 3, 2006) - On behalf of Star Petroleum Corp. (the "Company") (PINK SHEETS:SPMP) President Rod Burns, P. Eng., reports further details on the Low Profile Fluid Catalytic Cracking (LPFCC) process.

Fluid Catalytic Cracking represents the heart of most petroleum refineries in the United States. The Fluid Catalytic Cracker converts the heavy, low value portions of crude oil into gasoline, diesel fuel and other higher value products.

Russell Heaton of Wellborn Energy Corp., the Company's venture partner, confirmed "The Low Profile Fluid Catalytic Cracker technology centers on a new catalyst and oil physical contact configuration that provides a substantial increase in operating flexibility. The configuration does not require an extensive superstructure and therefore is inherently less expensive to install than conventional units that do require this superstructure. The reactor design in this proposal allows the refiner to have control of a new and larger number of variables that are not controllable in a conventional FCC. This design maximizes the product yield and value and reduces the amount of feedstock that is converted to less useful products such as coke, heavy cycle oil and light fuel gas."

"Conventional FCC's do not downsize well, because the superstructure required for their configuration is massive. The LPFCC Unit's "horizontal" catalyst flow allows the unit to be built for less than 60% of the cost of the conventional units. The LPFCC's simpler configuration allows it to be utilized as a crude oil up-grader in the production field as well as in the refinery", he continued.

Fifty years ago, the present Fluid Catalytic Cracking Process was developed to maximize the production of aviation fuel during World War II. During the past fifty years, the Fluid Catalytic Cracking Unit (FCCU) became the largest and most important unit on a refinery; it has been improved and upgraded, but no revolutionary changes have been made.

The LPFCCU offers a transformational change in operability and economics through: increased conversion of feed stocks to gasoline components, lower capital costs, lower operating costs, lower maintenance costs, and reduced costs for smaller units. It also offers a configuration innovation by replacing the 300' tall FCCU behemoth with a compact 40' tall LPFCCU. In addition to this grassroots plant, the company will market a "retrofit" design which can be added to an existing FCCU that will present many of the advantages of the grassroots plant as an add-on to existing equipment.

The LPFCC process will be licensed to refiners on a single-site royalty basis. Wellborn Energy Corp. and the engineering staff from Process Innovators Inc. will provide engineering and project management expertise when necessary. They will also support process-engineering design and collect data at reference installations.

About Star Petroleum Corp.

The Company is currently acquiring and venturing within the Oil and Gas sector. The initial focus and development will be on lower risk, high quality prospects which will provide the Company with a higher probability of success. Each of the projects currently under consideration will be described in greater detail in the near future.

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • Star Petroleum Corp.
    Rod Burns
    (877) 782-7583