MCW Energy Group announced further progress of its Asphalt Ridge oil sands operations based in Vernal, Utah.
Back in October, 2014 during a benchmark Ribbon-Cutting Ceremony, MCW successfully demonstrated its proprietary oil sands extraction technology, passing the 'proof of concept' stage with flying colors and confirming that it was indeed commercially viable. As pioneers of America's first environmentally-friendly oil sands project, the MCW team subsequently acknowledged that a considerable period of system optimization would be required to increase extraction system efficiencies and production flow capacities for larger extraction plants.
Under the leadership of MCW's Chief Technology Officer, Dr. Vladimir Podlipskiy, the Company implemented its Systems Optimization Program, which commenced in January, 2015 and has now been completed. As part of this program, MCW has added significant measurement and control devices for measuring and monitoring all of the production phases of its current extraction plant and its processes. Improvements have been made in throughput time as well as the reduction of the system's overall energy requirements.