Applying RTP™ to other industries isn't a new idea. It's just way ahead of its time.
Ivanhoe Energy Inc.
ivanhoe-energy.com
In the 1990s, recognizing that Ensyn’s RTP™ process was a robust technology, the petroleum industry approached Ensyn to work on upgrading heavy crude oil through pyrolysis.
Ensyn sold the commercialized version of this proprietary heavy oil upgrading process to Ivanhoe Energy in 2005 for an enterprise value of $100 million. Ivanhoe uses the process – now known as HTL – to significantly improve existing reserves of oil.
Envergent Technologies
envergenttech.com
UOP and Ensyn join forces to create Envergent Technologies. We may be a new company, but Envergent Technologies is a century away from being a start-up. Our joint venture brings together two experienced, recognized leaders in their respective energy fields – Ensyn and UOP, a Honeywell Company – to provide a proven, practical way to convert biomass to pyrolysis oil for heat, power and green transportation fuels.
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