Hafez Balavi's Contact Details

Hafez Balavi's Company Details

Advanced Energy Technologies Canada

Nisku, Alberta, Canada • 2 Employees
Oil & Energy

Advanced Energy Technologies (AET) is a Swiss/Dutch company, based in Geneva, Switzerland with the main operation in Edmonton, Canada. The company holds intellectual property/patents for upgrading heavy hydrocarbon liquids and provides novel technology solutions to the oil industry. In particular, the company's patented technology, Cold Cracking by Resonance Energy for Sustainable Technologies (CCREST), has applications in heavy crude upgradation, refinery residue upgradation & yield improvement and fuel oil blending. The CCREST technology uses an electro-mechanical device which substantially reduces greenhouse gases emissions and the use of solvents. Major benefits include but are not limited to:Downstream: 1. Convert low value residual products into high value, lighter products.2. Improve distillate yield of Heavy Crudes.3. Refine and reprocess residue to lighter products.4. Reduce residue/crude viscosity and save cutter/solvents. Midstream: Reduce the cost of transportation.Upstream:1. Upgrade heavy crudes into higher value lighter crudes.2. Improve viscosity and fluidity.3. Improve crude oil API by improving transport properties of waxy crudes, reduce transportation costs.4. Reduce pour points of heavy crudes.5. Reduce the paraffin content.AET has set up an operation in Nisku, Alberta. We are in the process of engaging with independent oil-well owners and operators to conduct joint trials and assess transportation cost savings and quality up-gradation (viscosity, API density, overall yield and pour point).