Government
of Alberta
Titanium
Corporation Inc.
News
Release
March
28, 2008
Research project to capture valuable
minerals from oil sands tailings and reduce emissions
intensity
Edmonton... An abundance of manufactured products including
ceramic tiles and kitchenware, consumer electronics, medical appliances and
paints may in the future include minerals extracted from oil sands tailings
thanks to a $3.5-million grant from Alberta Energy to Titanium Corporation Inc.
The company will research the value-added opportunities and environmental
benefits of stripping out hydrocarbons and heavy minerals from oil sands tailings streams. Funding for this two-year project is being provided through
Alberta�s Energy Innovation Fund.
�The ingenuity of our energy industry
continues to offer significant benefits for current and future generations of
Albertans,� said Energy Minister Mel Knight. �Not only can this research result
in processing industrial waste into beneficial products, but it has the potential to significantly reduce emissions and improve the environment by
extracting bitumen from tailings rather than from mining.�
Titanium
Corporation is a Canadian company developing a commercial process to maximize
the value existing in waste material presently being deposited in Alberta�s oil
sands tailings. Rather than channeling mine froth tailings into disposal areas,
the mineral-rich stream is sent to a separation plant via pipeline where bitumen, titanium minerals, zircon and naphtha are to be recovered for commercial use.
"I
am very pleased that the Government of Alberta has agreed to provide such
significant support for this project,� said Scott Nelson, President and CEO of
Titanium Corporation. �Development of new technology that will reprocess an
otherwise discounted waste product will add value to the bitumen resource and
provide a number of environmental benefits such as reduced carbon dioxide
emissions and smaller disposal areas.�
More
than 90 per cent of the world�s titanium minerals are sold to the pigment
industry, which manufactures products for the paint, coating, paper and plastics
industries. Another important use of titanium is in making alloys. Zircon sand
is in high demand worldwide and is used by the ceramic, refractory and chemical
industries. Naphtha, a liquid hydrocarbon, may also be recovered through the
research project and reused for processing bitumen prior to upgrading.
The
$200-million Energy Innovation Fund is a cross-ministry initiative that supports
Alberta's Integrated Energy Vision to build on world-class knowledge,
expertise and leadership and responsibly develop our vast energy resources for
the benefit of current and future generations.
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Media
inquiries may be directed to:
Tim
Markle |
Carolyn
Muir |
Alberta
Energy Communications |
Titanium
Corporation Inc. |
780-427-0479 |
416-955-0715 |
|
Titanium Corporation, Inc.
|
|
|
CODE : TIC.V |
ISIN : CA88833T1049 |
CUSIP : 88833T104 |
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Titanium Corp est une société d’exploration minière de pétrole basée au Canada. Titanium Corp détient divers projets d'exploration au Canada. Son principal projet en exploration est OIL SANDS PROJECT au Canada. Titanium Corp est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 115,5 millions CA$ (92,4 millions US$, 80,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 11 mars 2005 à 4,24 CA$, et son plus bas niveau récent le 24 décembre 2008 à 0,15 CA$. Titanium Corp possède 79 140 000 actions en circulation. |