A brand new Swedish oil companies have seen the light – Cassandra Oil. Oil man and inventor, Anders Olsson has developed a catalytic cracker, which makes oil from old tires and plastic bags.
The founder, Anders Olsson with extensive experience in the oil industry in Brazil and the Middle East. He has been the agent of the Brazilian oil company Petrobras remediation technology in the Middle East.
He has in recent years with evaluation of various techniques of oil recovery to solve the problem of the large oil lakes of heavy oil in the Middle East.
In 2010 he applied for a patent on its proprietary technology based on ”thermal depolymerization by friction, fluid-bed operation and the catalytic effect.”
Ragnsells, Europe’s largest recycler of tires supply the raw materials and Nordkalk buys the finished oil to use in their energy-consuming lime production.
– Of a tire at 10 kg we get 4.5 kg oil. A quarter gets pulverized coal, one-tenth gas, an additional one tenth the steel and the rest gas and fiber waste. The process itself takes about fifteen minutes from stopping in shredded tire until it comes out of oil, says Anders Olsson.
From one ton of electronic scrap, we will be able to produce 700 kg oil, 200 kilograms of copper, 400 grams of silver and 40 grams of gold, says Anders Olsson.
Last March will be the first listing day for Cassandra Oil.
This share should be publicly winner 2012 total by far.
”JF’s latest project” is based on an innovation that is unique in that it combines a potential high returns of high and anticipated environmental profile. This is Cassandra Oil at very high margin converts (transforms) all ”oil-scrap” (plastic bags, plastic bottles, various other plastics), old car tires, ”oil slurge” and all other wastes with originality in petroleum – to high-quality diesel by a Chemical-crack of petroleum created molecular chains.
The attention to the world is great. Both the ”providers” to buyers of the product created is now already under contract.
Article in Sweden’s biggest financial news and commentary from the Jordan Fund:
Today in Financial Times, we have an article about Cassandra, listed in Stockholm. One could add one thing and that is that the company’s desire is that of perhaps five years of producing similar marine diesel (á currently has 140 usd / bbl) (from 100 reactors running) as LUPE TODAY produces oil (á today about 120 usd / bbl). DOCK is an important addition. CASSANDRA only need 14 reactors running in order to EARN AS MUCH as the LUPE do today from oil extraction. This has, among other things to do with the fact that Norway has very high GOVERNMENT TAKE in the license agreements. The equivalent is not available for Cassandra – in 5 years maybe only 26% corporate tax – this ratio becomes violent. Thus also said in this equation (this example) with 100 reactors running would Cassandra in 5 years if so, earning about 7 times more than what LUPE do today.
The inventor Anders Olsson is a bit modest in his comments. JF feel closer to this is similar to an industrial revolution – with very strong environmental overtones. The only thing left to ”call” is the industrial-sized version of ”converter / crackern” has the same characteristics (performance) as the smaller model which is now available. The number of parts subject to wear are few – which speaks to Cassandra’s favor.
It should be enough in the spring might have a small item in the company to keep up with this seemingly breakneck development. But, as in all development company, ENOUGH MAYBE indeed the best.
According to the company shall be no need to bring in more money – because earnings are expected to be so great. Should this be true for the undeniably reminiscent of some well-known American teknologbolag.
THIS MAY BE TODAY cheapest market share on slightly ahead – but the risk is always there for innovation companies.