From: MENAFN
SALT LAKE CITY, UT, Nov 19, 2012 (Menafn – MARKETWIRE via COMTEX) –As oil shale producer Red Leaf Resources moves from the technologydevelopment and R&D phase into full-scale production, it is pleasedto announce their hiring of a CEO with vast natural resourcedevelopment experience, Adolph Lechtenberger.
Lechtenberger has experience in all aspects of Red Leaf’s business.He has worked in surface mining, refining and marketing of petroleumproducts, and was the new technology manager for the Colony oil shaleproject in the 1980s. He has overseen the full life-cycle of energyproduction and has helped several companies through growth periodsthat require strong leadership. Lechtenberger succeeds Jim Patten,who was part of the founding team at RLR and will serve as VicePresident of Technology Development.
“I am very excited to join Red Leaf as they embark on commercializingthe game changing EcoShale(TM) In-Capsule Process for oil shale,”said Lechtenberger. “Because this technology addresses majorenvironmental concerns of the past surrounding oil shale, the successof Red Leaf’s first development project will prove that oil can beproduced from oil shale in an efficient, cost-effective andenvironmentally responsible way.”
Red Leaf has significant oil shale leaseholds located in the UintahBasin of Utah. The company has already completed a successful test ofits EcoShale(TM) In-Capsule Process. This patented ‘ex-situ’technology is applicable to shallow oil shale formations that isfirst mined, then placed into large sealed capsules before undergoinga slow pyrolysis reaction to yield high quality hydrocarbons. TheEcoShale(TM) process has a significantly reduced environmentalfootprint compared to operations for any other existing ‘ex-situ’ oilshale production technologies.
Earlier this year, Red Leaf announced a joint-venture partnershipwith the U.S. affiliate of Total SA, the 5th largest internationalintegrated oil and gas company. Red Leaf and Total will soon commencea commercial demonstration of the EcoShale(TM) technology, intendedto prove the economic and environmental attributes of the process.Thereafter, Red Leaf and Total intend to proceed with an advancedcommercial scale project on jointly owned oil shale leaseholds thatare estimated to contain several hundred million barrels ofrecoverable hydrocarbons.
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