Showing posts with label Economic. Show all posts
Showing posts with label Economic. Show all posts

Monday, 5 December 2011

Chemists develop compounds capable of forming heath-resistant, economic and biocompatible gels

ScienceDaily (Nov. 9, 2011) — Eating a yogurt or a jelly, using a pharmaceutical or cosmetic cream or shampoo... are just some of the numerous everyday actions in which we use gels developed through a process of gelation. Researchers from Universitat Jaume I have patented a new family of compounds that enables to develop gels more resistant to high temperatures with a higher level of biocompatibility and able to work with a variety of organic solvents, and all this with an easy synthesis, scalable and low cost.

This family of compounds has significant applications in industries such as pharmaceuticals and cosmetics or food industry, among others.

A jellifying agent is a substance that when is added to a liquid, transforms it into ice. When the liquid used is water, it is called hydrogel. But if the solvents used are organic compounds, they use organojellifying compounds such as the developed by the group Sustainable chemistry: supported reactants and catalysts. Supramolecular chemistry from the UJI, led by the chair professor Santiago Luis. 'Normally, when we develop a compound or family compounds able to form organogels, they only act in such a way in a very small number of solvents. The fundamental difference is that our group of compounds is capable of forming gels with a very high range of solvents', the researcher explains.

Another contribution of the compound is its ability to maintain stability at temperatures up to 100° C, thus allowing the products to keep their properties. In addition, the basic chemical structures that form compounds are amino acids, which provide products that are in most cases biocompatible. 'As they have units easily acceptable by the biological world, they don't have incompatibility, allergies or toxicities problems," Santiago Luis stresses.

To all these advantages, we have to add the fact that these compounds with a jellifying action at low concentrations are cheap.

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The above story is reprinted from materials provided by Universitat Jaume I.

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Friday, 3 June 2011

Economic analysis updated for the National Petroleum Reserve in Alaska

ScienceDaily (May 4, 2011) — The U.S. Geological Survey assessment on the economic recoverability of undiscovered, conventional oil and gas resources within the National Petroleum Reserve in Alaska (NPRA) and adjacent state waters is now available.

This economic analysis is based on a 2010 USGS resource assessment that determined how much undiscovered, conventional oil and gas in the NPRA is technically recoverable. These reports provide updates from the USGS 2003 economic analysis and 2002 resource assessment of the NPRA.

"The USGS conducts assessment updates to re-evaluate petroleum potential as new data and information become available," said USGS Energy Resources Program Coordinator Brenda Pierce. "Understanding how much undiscovered, technically recoverable resource might be present serves as a basis for calculating how much might be economically developed."

Technically recoverable resources are those that could be potentially produced using current technology and industry practices. Economically recoverable resources are those that can be sold at a price that covers the costs of discovery, development, production and transportation to the market.

The new economic analysis estimates that approximately 273 million barrels of undiscovered oil are economically recoverable at an oil price of $72 per barrel (comparable to $8 per thousand cubic feet of gas). About 500 million barrels of undiscovered oil are economically recoverable at $90 per barrel (comparable to $10 per thousand cubic feet of gas). These estimates do not include the discovered oil accumulations in northeastern NPRA that have not yet been developed.

The economically recoverable oil estimates above are dependent upon gas exploration in the NPRA, meaning that it is assumed the oil would be found in the process of looking primarily for gas.

The USGS assessment also found that about 18 trillion cubic feet of undiscovered gas are economically recoverable when the market price is $8 or more per thousand cubic feet, and 32 trillion cubic feet of undiscovered gas would be economic when the market price is $10 or more per thousand cubic feet.

There currently is no pipeline in place to transport gas from the North Slope of Alaska, so this assessment assumes that there is a 10- or 20-year delay between discovery and production in the NPRA. This analysis shows that if a pipeline is constructed, there is a significant amount of gas that is economically recoverable from the NPRA when prices are above $8 per thousand cubic feet of gas.

The different market prices quoted above for the same resource are because some resource accumulations are relatively easy to find and produce while others are not and therefore cost more.

"USGS estimates are based on 2010 costs and technology, and these results could change over time as they are dependent on multiple factors," said USGS scientist Emil Attanasi, who was the lead author for this assessment. "For example, USGS economic recoverability estimates could vary in the future depending on the timeframe and costs to construct a gas pipeline to the NPRA, technological advances that make resource extraction and development easier and less expensive, and fluctuating market prices for oil and gas."

The amount of oil that could be economically developed is significantly less than what the 2003 analysis concluded. One reason for the reduction is reduced volumes of technically recoverable oil based on recent NPRA exploration drilling which found gas rather than oil.

All of the cited resource estimates are based on the mean undiscovered resources.

Story Source:

The above story is reprinted (with editorial adaptations by ScienceDaily staff) from materials provided by United States Geological Survey.

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.


View the original article here

Saturday, 21 May 2011

Economic analysis updated for the National Petroleum Reserve in Alaska

ScienceDaily (May 4, 2011) — The U.S. Geological Survey assessment on the economic recoverability of undiscovered, conventional oil and gas resources within the National Petroleum Reserve in Alaska (NPRA) and adjacent state waters is now available.

This economic analysis is based on a 2010 USGS resource assessment that determined how much undiscovered, conventional oil and gas in the NPRA is technically recoverable. These reports provide updates from the USGS 2003 economic analysis and 2002 resource assessment of the NPRA.

"The USGS conducts assessment updates to re-evaluate petroleum potential as new data and information become available," said USGS Energy Resources Program Coordinator Brenda Pierce. "Understanding how much undiscovered, technically recoverable resource might be present serves as a basis for calculating how much might be economically developed."

Technically recoverable resources are those that could be potentially produced using current technology and industry practices. Economically recoverable resources are those that can be sold at a price that covers the costs of discovery, development, production and transportation to the market.

The new economic analysis estimates that approximately 273 million barrels of undiscovered oil are economically recoverable at an oil price of $72 per barrel (comparable to $8 per thousand cubic feet of gas). About 500 million barrels of undiscovered oil are economically recoverable at $90 per barrel (comparable to $10 per thousand cubic feet of gas). These estimates do not include the discovered oil accumulations in northeastern NPRA that have not yet been developed.

The economically recoverable oil estimates above are dependent upon gas exploration in the NPRA, meaning that it is assumed the oil would be found in the process of looking primarily for gas.

The USGS assessment also found that about 18 trillion cubic feet of undiscovered gas are economically recoverable when the market price is $8 or more per thousand cubic feet, and 32 trillion cubic feet of undiscovered gas would be economic when the market price is $10 or more per thousand cubic feet.

There currently is no pipeline in place to transport gas from the North Slope of Alaska, so this assessment assumes that there is a 10- or 20-year delay between discovery and production in the NPRA. This analysis shows that if a pipeline is constructed, there is a significant amount of gas that is economically recoverable from the NPRA when prices are above $8 per thousand cubic feet of gas.

The different market prices quoted above for the same resource are because some resource accumulations are relatively easy to find and produce while others are not and therefore cost more.

"USGS estimates are based on 2010 costs and technology, and these results could change over time as they are dependent on multiple factors," said USGS scientist Emil Attanasi, who was the lead author for this assessment. "For example, USGS economic recoverability estimates could vary in the future depending on the timeframe and costs to construct a gas pipeline to the NPRA, technological advances that make resource extraction and development easier and less expensive, and fluctuating market prices for oil and gas."

The amount of oil that could be economically developed is significantly less than what the 2003 analysis concluded. One reason for the reduction is reduced volumes of technically recoverable oil based on recent NPRA exploration drilling which found gas rather than oil.

All of the cited resource estimates are based on the mean undiscovered resources.

Story Source:

The above story is reprinted (with editorial adaptations by ScienceDaily staff) from materials provided by United States Geological Survey.

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.


View the original article here