Blackstone Sees Rive Technology Inc. as Catalyst for More Efficient Oil Refining...

摘要

Blackstone Group LP's (BX) clean-technology fund is betting that Rive Technology Inc. can help refiners squeeze more gasoline and diesel out of a barrel of oil. Rive re-engineered conventional catalysts used by refineries so they can "crack" bigger molecules of crude oil. The company accomplished this by essentially blasting bigger holes into the crystalline structures that absorb oil. The new catalyst particles are a drop-in replacement for existing catalysts, requiring refineries to make only modest tweaks to operations.