Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Headwaters Incorporated and Criterion Form Alliance on Heavy Oil Upgrading Technology

Abstract:
HEADWATERS INCORPORATED (NYSE:HW) announced today that Headwaters Technology Innovation Group has entered into a technology alliance with Criterion Catalysts & Technologies to help petroleum refiners produce clean fuels from residual ("bottom-of-the-barrel") heavy oil.

Headwaters Incorporated and Criterion Form Alliance on Heavy Oil Upgrading Technology

SOUTH JORDAN, UT | Posted on April 18th, 2009

The alliance allows Headwaters' proprietary HCAT™ Hydrocracking Technology to be offered in conjunction with Criterion's advanced residue upgrading catalysts for ebullated bed hydrocracking. The ebullated bed hydrocracking technology, in use at 12 refineries around the world, can attain relatively high levels of conversion of heavy residual oil to lighter transportation fuels such as diesel and gasoline. The HCAT Technology, in which a proprietary liquid precursor is used to generate a highly active, oil-soluble molecular catalyst, in conjunction with Criterion's advanced ebullated bed catalysts, enhances the performance of these units by enabling higher conversion levels than previously possible.

Pat Laabs, President of Criterion Catalysts & Technologies, commented, "We are very excited to enter into this strategic alliance with Headwaters. It will allow refineries around the world to benefit from the complementary strengths of Criterion, a global leader in hydroprocessing catalysts, and Headwaters, a pioneer in dispersed-catalyst nanotechnology."

Kirk A. Benson, Chairman and CEO of Headwaters, observed, "Operators of ebullated bed upgraders may see immediate benefits from the combination of Criterion's and Headwaters' catalysts in their existing facilities. In addition, new projects in their early design and developmental stages can incorporate the HCAT Technology and Criterion's advanced catalysts to help enable them to plan for higher conversion levels, or incorporate more difficult feedstocks than previously thought possible."

Criterion is the world's leading supplier of catalysts used in commercial ebullated bed units. Through the combination of Criterion's advanced ebullated bed catalysts and the HCAT molecular catalyst, the ebullated bed refiner will be able not only to increase conversion, but will also see measurable improvements in product quality, while reducing fouling and other operational problems which negatively impact on-stream time and maintenance costs.

####

About HEADWATERS INCORPORATED
Headwaters Incorporated’s vision is to improve sustainability by transforming underutilized resources into valuable products. Headwaters is a diversified growth company providing products, technologies and services to the energy, construction and home improvement industries. Through its energy, coal combustion products, and building products businesses, the Company earns a revenue stream that helps to provide the capital to expand and acquire synergistic new business opportunities.

About Criterion Catalysts & Technologies

Criterion Catalysts & Technologies L.P. is a wholly owned affiliate of CRI/Criterion Inc. Criterion Catalysts & Technologies L.P. supplies total packages of catalysts, services and solutions for refineries and is a leading provider of hydroprocessing, reforming, and specialty catalysts to the refining industry.

Forward Looking Statements

Certain statements contained in this press release are forward-looking statements within the meaning of federal securities laws and Headwaters intends that such forward-looking statements be subject to the safe-harbor created thereby. Forward-looking statements include Headwaters’ expectations as to the managing and marketing of coal combustion products, the production and marketing of building materials and products, the production and marketing of cleaned coal, the production and marketing of hydrogen peroxide, the licensing of resid hydrocracking technology and catalyst sales to oil refineries, the availability of refined coal tax credits, the development, commercialization, and financing of new technologies and other strategic business opportunities and acquisitions, and other information about Headwaters. Such statements that are not purely historical by nature, including those statements regarding Headwaters’ future business plans, the operation of facilities, the availability of feedstocks, and the marketability of the coal combustion products, building products, cleaned coal, hydrogen peroxide, catalysts, and the availability of tax credits, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future events and our future results that are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Actual results may vary materially from such expectations. Words such as “may,” “should,” “intends,” “plans,” “expects,” “anticipates,” “targets,” “goals,” “projects,” “believes,” “seeks,” “estimates,” or variations of such words and similar expressions, or the negative of such terms,may help identify such forward-looking statements. Any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or circumstances, are forward-looking. In addition to matters affecting the coal combustion products, building products, and energy industries or the economy generally, factors that could cause actual results to differ from expectations stated in forward-looking statements include, among others, the factors described in the caption entitled “Risk Factors” in Item 1A in Headwaters’ Annual Report on Form 10-K for the fiscal year ended September 30, 2008, Quarterly Reports on Form 10-Q, and other periodic filings and prospectuses.

Although Headwaters believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that our results of operations will not be adversely affected by such factors. Unless legally required, we undertake no obligation to revise or update any forward-looking statements for any reason. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Our internet address is www.headwaters.com. There we make available, free of charge, our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and any amendments to those reports, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. Our reports can be accessed through the investor relations section of our web site.

For more information, please click here

Contacts:
Headwaters Incorporated, South Jordan
Sharon Madden
Vice President of Investor Relations
801-984-9400
or
Financial Relations Board
George Zagoudis
Analyst Contact
312-640-6663

Copyright © Business Wire 2009

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

A big nano boost for solar cells: Kyoto University and Osaka Gas effort doubles current efficiencies January 21st, 2017

A toolkit for transformable materials: How to design materials with reprogrammable shape and function January 20th, 2017

Explaining how 2-D materials break at the atomic level January 20th, 2017

New research helps to meet the challenges of nanotechnology: Research helps to make the most of nanoscale catalytic effects for nanotechnology January 20th, 2017

Chemistry

Chemistry on the edge: Experiments at Berkeley Lab confirm that structural defects at the periphery are key in catalyst function January 13th, 2017

Researchers produced nitrogen doped bimodal cellular structure activated carbon December 29th, 2016

Safe and inexpensive hydrogen production as a future energy source: Osaka University researchers develop efficient 'green' hydrogen production system that operates at room temperature in air December 21st, 2016

Scientists boost catalytic activity for key chemical reaction in fuel cells: New platinum-based catalysts with tensile surface strain could improve fuel cell efficiency December 19th, 2016

Announcements

A big nano boost for solar cells: Kyoto University and Osaka Gas effort doubles current efficiencies January 21st, 2017

A toolkit for transformable materials: How to design materials with reprogrammable shape and function January 20th, 2017

New research helps to meet the challenges of nanotechnology: Research helps to make the most of nanoscale catalytic effects for nanotechnology January 20th, 2017

Ultra-precise chip-scale sensor detects unprecedentedly small changes at the nanoscale January 20th, 2017

Energy

A big nano boost for solar cells: Kyoto University and Osaka Gas effort doubles current efficiencies January 21st, 2017

Chemists Cook up New Nanomaterial and Imaging Method: Nanomaterials can store all kinds of things, including energy, drugs and other cargo January 19th, 2017

Dressing a metal in various colors: DGIST research developed a technology to coat metal with several nanometers of semiconducting materials January 17th, 2017

Stability challenge in perovskite solar cell technology: New research reveals intrinsic instability issues of iodine-containing perovskite solar cells December 26th, 2016

Alliances/Trade associations/Partnerships/Distributorships

GLOBALFOUNDRIES Expands Partner Program to Speed Time-to-Market of FDX™ Solutions: Increased support affirms FDXcelerator™ Program’s vital role in promoting broader deployment of GLOBALFOUNDRIES’ FDX™ portfolio December 15th, 2016

Infrared instrumentation leader secures exclusive use of Vantablack coating December 5th, 2016

Leti and Grenoble Partners Demonstrate World’s 1st Qubit Device Fabricated in CMOS Process: Paper by Leti, Inac and University of Grenoble Alpes Published in Nature Communications November 28th, 2016

Mechanism for sodium storage in 2-D material: Tin selenide is an effective host for storing sodium ions, making it a promising material for sodium ion batteries October 27th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project