Soane Energy LLC

Location:02138, US
Speaker:Atul Thakrar
Title:President
Primary Industry:Energy
Executive Summary:Soane Energy has invented a novel technology for extracting oil from oil sands more cost effectively while addressing a major environmental problem of significant water usage. The stable political and economic environment in Canada is very conducive to attracting large investment in oil sand projects. With $125 billion of projects announced by major oil companies, which will triple production to 3 million barrels/day by 2015, we believe it is the right time to introduce innovation. Our process is easily retrofittable into exisiting or new plants thereby reducing substantially the commerical risks in this high capital intensity industry. We project a 2-3 investment pay-back with >50% ROI over the 25 yr life of an oil sands project. We are seeking funding to construct and operate a pilot plant. The field data will be utilized to develop an independent technical and economic feasibility assessment to attract industrial partners.
Venture is:Seed Level

HIGHLIGHTS

Merck
Corporate Symposium

Harvard OTD
Partner Sponsor

2008 Corporate Presentations

Air Products
Boeing
BP
Cabot
Honda
Kodak
Medtronic
Merck
  • BASF
  • Genzyme
  • Lockheed Martin
  • Sanyo

Event Sponsors

Univalor
AzTE
Jackson Walker

Collocated Events

June 1-5, 2008
Nanotech 2008
Clean Technology 2008
BioNano 2008

Press Sponsor

Business Wire

Commercialization Partner

BusinessWeek

Media Sponsors

(joint with Nanotech 2008) Nature
Science
Red Herring

Supporting Organizations

Boston University
Midwest Research University Network
piribo

 

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