Phoenix Canada Oil Reports Important Advance in “Synfuel” Development Project

Toronto: 13 December 2012 — Phoenix Canada Oil Company Limited (TSXV: PCO & OTC BB: PHXCF) announced expanded government-funded research for sustainable catalytic production of its proprietary “Synfuel” technology. In addition to its atmospheric carbon dioxide capture, the “Synfuel” system generates a low to nil pollution alternative to conventional liquid transportation fuels, including jet fuel and kerosene, automotive gasoline, and for diesel-operated trucks, railcars and shipping vessels. The Phoenix research project at the University of Ottawa is directed by Dr. E. Baranova, a leading research scientist specializing in catalytic reactions that efficiently convert carbon dioxide pollutants to carbon monoxide for compounding with hydrogen to produce “Synfuels.” The research now focuses on the flowsheet design for the innovative Phoenix Reverse Water Gas Shift (RWGS) reactor, the central system component generating the Low Carbon Hydrocarbon Fuel (LCHF) which will be compounded from diverse hydrogen and carbon sources. The carbon content will largely derive from the captured carbon dioxide output of coal-fired utilities. LCHF is chemically identical to conventional crude oil-based liquid fuels. North American coal-fired power plants annually generate more than 2 billion tons of carbon dioxide, with each ton containing about 660 pounds of capturable carbon.

Don Moore, Phoenix CEO, states that “World oil consumption is now about 88-million barrels per day, a hard number. Each billion barrel oil discovery, a rare phenomenon, covers less than 12 days of current world oil use. Nor do the highly publicized shale oil resources provide the answer. The best of shale reservoirs (Eagle Ford of Texas) are already experiencing annual decline rates higher than 42% — requiring multi-billion dollar drilling programs to even maintain their sharply declining current production rates. Logically, the replacement of conventional hydrocarbon fuels by the Phoenix “Synfuel” alternative may well be essential for the survival of our civilization, as we now know it.”

Phoenix Technologies:
With exclusive ownership of its proprietary “Synfuel” technology, these Phoenix rights cover the compounding of hydrogen with captured carbon emissions, both components deriving from widely available sources. The “Synfuel” equivalent of conventional liquid transportation fuels ranges from light-end jet fuel and kerosene, to mid-range gasoline, and through heavy-end diesel oil products. The “Synfuels” will employ, without modification, the long-established, multi-trillion dollar, transportation and distribution infrastructure. The “Synfuel” technology can also play a pivotal role in advancing economic Carbon Capture and Storage/Sequestration (CCS), to be upgraded by the environmentally benign Phoenix Carbon Capture and Recycling (CCR) system. Phoenix also projects a leading role in the future “Hydrogen Economy” through control of proprietary technology covering the light-powered generation of lower cost hydrogen gas from ordinary water (including salt water) feedstocks.

For further information — Contact:
S. Donald Moore; President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Comments are closed.