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Red Leaf Resources announced that The Utah Division of Water Quality has issued a Construction Permit for its EcoShale™ production capsule. As of now, Red Leaf has all required permits to commence construction of a 300,000 barrel commercial demonstration project in Utah.
Red Leaf Resources announced that The Utah Division of Water Quality has issued a construction permit for Red Leaf’s EcoShale™ production capsule. As of now, Red Leaf has all required permits to commence construction of a 300,000 barrel commercial demonstration project in Utah.
As quoted in the press release:
Red Leaf’s initial capsule will be the first commercialization of oil shale in North America. This is a significant step for the oil shale industry given that the Green River Formation — which underlies Utah, Wyoming and Colorado — is considered the richest deposit of oil shale resource in the world. The U.S. Geological Survey estimates that the formation holds more than 3 trillion barrels of oil, with more than 77 billion barrels of recoverable oil in the Uinta Basin alone.
Red Leaf CEO, Adolph Lechtenberger, said:
Unlike traditional oil shale retorts which require a lot of energy, use a lot of water and produce significant emissions, Red Leaf’s EcoShale™ extraction process was specifically designed to address the environmental challenges associated with oil shale development. There are more than 20 U.S. patents on the EcoShale™ technology, which extracts oil with lower energy consumption, lower emissions, lower water use and less environmental impact than any oil shale technology deployed in the world today.