During his visit to China, President Chavez forged a preliminary deal to sell as much as two million metric tons a year of Orimulsion. He also received a commitment from Japan to finance a new Orimulsion production facility and to purchase most of this facility's output. Agreements were also reached in South Korea and the Philippines to evaluate the commercial use of Orimulsion in those countries. Recently, the Italian utility, Enel, currently the largest worldwide user of Orimulsion, announced that it has plans to more than double the amount of Orimulsion it uses over the next decade. Under long-term supply contracts, this fossil fuel provides substantial economic and environmental benefits and diversification of energy resources.
Current sales reach over six million tons a year.
IFC visited the Orimulsion production site in Venezuela and gathered information through conversations with users of Orimulsion-fueled power plants in Canada and Denmark. Bitor America Corporation is the fuel supplier and provider of associated technical expertise to electricity producers in the United States, Canada and Puerto Rico. All Rights Reserved. Inc. All Rights Reserved.