Resort Savers is rapidly positioning
itself to capture substantial market share in China’s government-mandated
campaign to clean up the petroleum industry and solve the problems of
increasing environmental pollution. The $2 million, 20% acquisition of
Texas-based Worx America in February of 2015, which is a developer of
proprietary environmental engineering technologies geared towards the energy
sector, including sophisticated industrial robotics designed to safely and
efficiently remove the need for human labor in hazardous environments, is the latest
example of the company’s continuing mission to deliver cutting-edge solutions
for China’s oil and refinery market, as well as the broader global market.
Given that the keynote for this year’s China Assembly Conference at the Ritz
Carlton Hotel in Beijing this September, put on by the most senior and
influential network of oil and gas executives in the world, the Oil Council, is
New Energy and Environmental Policy/Regulation to Encourage Further Investment
into China’s Oil and Gas Industry, a great deal of industry focus in coming
years is shifting to the environmental cleanup and protection sector.
China’s refining sector is currently
dominated by the two big national oil companies, Sinopec and China National
Petroleum Corp. (CNPC), collectively accounting for over 70% of capacity, so it
is no surprise that the Xi Jinping administration’s recent moves to clean up
the sector have been seen by companies like RSSV as huge opportunities for
growth. Resort Savers is eyeing this sizeable market, which is set to grow at
around 15% per year, as well as the broader petroleum recovery industry, for
areas where their acquired and/or licensed technologies and solutions can be
readily distributed and marketed. Given the top-down nature of new technology
adoption within the Chinese national oil company (NOC) and state-owned
enterprise (SOE) dominated sectors of petroleum recovery and refining, the
opportunity for Resort Savers’ technologies could be enormous if they are
chosen to fill vital roles.
China is the number two fuel consumer
behind the U.S. globally and added some 723k bbls/day of processing within the
last four years alone according to Shanghai-based consultant firm ICIS-C1
Energy. The country is expected to add another 500k bbls/day of capacity this
year, topping up overall output to around 14 million bbls/day total according
to CNPC (78% of current U.S. capacity according to Bloomberg), with another
602k bbls/day to be added during 2016, or roughly as much as the capacity from
the largest refining complex in the U.S. each year.
The recent reception by Worx America
of a provisional utility patent on a new blow out preventer (BOP) and BOP seal
testing system, which includes improvements to the system’s electronic sensing
capabilities, its high-speed motion controller and optimizations to the thermal
transfer components, as well as the system’s proprietary software, further
enhances the company’s already solid footing in the petroleum recovery and
refining sectors. Work on the testing system stretches back several years and a
considerable amount of R&D has already gone into this ingenious solution,
which is controlled and monitored by a touchscreen interface from inside a
control room at the well site, meaning workers can fully evaluate BOP safety
without being placed in harm’s way. BOPs are crucial parts of oilfield
operations and so it is extremely important to fully test the seals ahead of
time, in order to make sure they don’t fail when in use and the Worx America
BOP testing system should see significant traction as onshore and offshore
enhanced oil recovery technologies continue to proliferate.
Another of the efficient robotic
solutions developed by Worx America is their computer-controlled tank cleaning
system designed initially for the petrochemical industry, but suitable for
handling a wide variety of above and underground storage tanks, railcars,
trucks, roll-off and tanker trailers, as well as standard ISO tanks. This
brilliant little robotic system can connect snugly to nearly any container
opening and is fully programmable to suit the individual needs of any given
client, no matter what the size of their container, tank or vessel is, and it
is powered by a mix of hydraulics, nitrogen and explosion-proof electrical
components, making it ideal for use in hazardous petrochemical industry and
similar applications. This robotic cleaner is ideal for scouring out oil tanks
and can be used to economically recover clean oil from waste sludge, directly
translating into improved profit margins and overall operational efficiency,
making the system a shoe-in for adoption by Chinese NOCs and SOEs who are looking
to clean up their act and improve performance at the same time, as demanded by
increasingly strict government regulations.
Worx America also develops and
produces industrial control panels, advanced hydraulic power units and enhanced
motion control solutions for clients throughout the Gulf Coast, and the company
even specializes in upgrading legacy industrial system with newly fabricated
automation components. In addition to providing comprehensive technical support
to its clients in the petroleum industry throughout the Gulf Coast deposits,
Worx America also maintains a 6k square foot sales, service and production
facility in the heart of Houston.
Learn more about the company by
visiting www.resortsaversinc.com and www.worxamerica.com
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