First Oil Produced at ½ barrel-per-day Hydrofaction™ Pilot Plant

Copenhagen Denmark – Q1 2013 – Steeper Energy Aps is pleased to announce that the first oil has been produced at the Hydrofaction™ pilot plant. The plant is in its final stage of commissioning after which it will be relocated to Aalborg University.

The Hydrofaction™ Pilot Plant is designed to operate at supercritical water conditions with temperatures up to 450 °C and pressures of 350 bar. The plant has a a capacity of 30 kg/h of slurry throughput which produces approximately ½ barrel-per-day of synthetic crude oil. It is expected that the plant will determine the efficiencies and operating protocols for Hydrofaction™ as well as validating the base chemistry.