Lima Energy Signs 10-Year Ultra Clean Synthetic Crude Contract
October 01, 2013 06:00 AM Eastern Daylight Time
LIMA, Ohio–(BUSINESS WIRE)–Lima Energy Company, a subsidiary of USA Synthetic Fuel Corporation in Washington, D.C., has signed a contract to supply up to 80 million barrels of oil equivalent (boe) of Ultra Clean Synthetic Crude (“UCSC”) to Husky Energy’s Lima Refinery over ten years. “We are delighted to be in a position to deliver an ultra clean high tech synthetic crude product to the Lima Refinery”The Ultra Clean Synthetic Crude represents a breakthrough in low cost clean energy, as it is sold at a discount to the oil market and is a high quality product with less than 1 part per million (ppm) sulfur content. In addition, the UCSC will be manufactured next door to the Lima Refinery, eliminating the significant supply costs and logistics of transporting oil.
The contract calls for volumes of up to 22,000 barrels per day (bpd) starting with an initial production volume of about 7,000 bpd.
“We are delighted to be in a position to deliver an ultra clean high tech synthetic crude product to the Lima Refinery,” remarked Harry H. Graves, Chairman of the Lima Energy Company. The Lima Refinery currently supplies about 25% of Ohio’s total gasoline needs.
