Electricity is vital to our modern life. Different from other commodities, electricity prices show seasonal patterns with mean reversion and ‘short-lived’ spikes. It is significantly important for market participants to model power prices (both spot prices and forward prices) for risk management. Polynomial process is a class of time-homogenous Markov processes with the property that […]

A swarm of robots should be available on the board of a vessel or oil rig so they will be deployed when spill occurs. Based on our existing know-how knowledge and technology, the swarm of robots automatically detect the boundary of the oil, then they deploy inflatable booms to contain the oil. After they successfully […]

Computer simulations have been widely used by the offshore and marine industry, but they typically use different software to simulate different components of a single operational scenario. For example, the tool can be used for the analysis of wave loads of a moored structure in ice infested areas, eliminating the need for analyzing wave load, […]

Hydrocarbon production methods extract mass from the subsurface and consequently change the density distribution. Steam Assisted Gravity Drainage (SAGD) uses steam to enhance the heavy oil in the subsurface which mobilizes it and allows it to be pumped to the surface. Today, we do not know very accurately, where oil is produced and where steam […]

The project objective is to understand and apply the metallurgical fundamentals for the heavy gauge steel product development. The major tasks can be divided into two groups: (A) the precipitate investigation through conventional and advanced characterization techniques such as transmission electron microscopy (TEM) and (B) the implementation of thermomechanical processing models for the rolling schedule […]

The proposed project aims at developing new catalytic processes and corresponding catalysts for heavy oil upgrading with the assistance of natural gas. Compared with traditional hydrotreating processes, these new processes provide alternative ways for heavy oil and natural gas utilization, which are economically and environmentally favorable in terms of higher profit margin, lower operating cost, […]

Static mixers are metal structures inserted into pipes to enhance the mixing of fluids flows. Different mixer designs cause different levels of mixing for a given energy loss. An ongoing and promising project is the invention of a new mixer geometry that is more efficient than anything on the market. Experimental testing uses the PLIF […]

Greenfield Global is developing a process to produce jet fuel from renewable materials, such as waste biomass and organic municipal waste. The renewable materials are first converted to a synthetic oil and then converted into jet fuel. This project deals with the final step in the process, namely, to convert the synthetic oil to jet […]

Greenfield Global is currently developing a conversion process to produce jet fuel from renewable feedstocks. Collection and densification of different biomass waste materials and municipal waste at satellite facilities to produce bio-oils, which are then processed at a central facility, is expected. The first processing step at the central facility is supercritical water gasification and […]

The proposed project aims at developing new catalytic processes and corresponding catalysts for heavy oil upgrading with the assistance of natural gas. Compared with traditional hydrotreating processes, these new processes provide alternative ways for heavy oil and natural gas utilization, which are economically and environmentally favorable in terms of higher profit margin, lower operating cost, […]

This project will study the corrosion of two nickel alloys commonly used in nuclear reactors: Monel 400 and Alloy 800. In the steam generator section of nuclear reactors, the chemistry is complex and may lead to the formation of ammoniacal species such as soluble ammonia (NH3). Ammonia may accelerate the corrosion of these alloys. The […]

This project will involve the development and validation of simulation models suitable for studying, designing and implementing a small-sized power system with reduced fuel expenditure and carbon (iv) oxide emissions, for oil and gas extraction activities. The successful implementation of the project will further Audacious Energy Corp.’s knowledge to launch and test a Minimum Viable […]