Questerre successfully tests HCCO(TM) Technology in a Commercial-Sized Vessel at PX Energy

Executive Summary

• Questerre Energy Corporation successfully tested its patented HCCO® oil shale technology in a full commercial-sized vessel at the PX Energy facility in southern Brazil.
• The test validates the engineering and technical viability of the process at commercial scale, marking a critical milestone beyond previous lab-scale reactor trials.
• The company plans to implement the technology commercially at the PX facility to reduce internal fuel oil consumption and improve project economics, while simultaneously using the data to design a planned small-scale commercial demonstration plant.

Key Details

• Test Location & Scale: Conducted at PX Energy’s facility in southern Brazil; first evaluation performed in a full commercial-sized vessel rather than smaller lab-scale reactors.
• Technical Validation: Successfully proved the engineering and technical validity of the patented HCCO process at commercial scale.
• Next Phase: A longer-duration test will be conducted to define the commercial operating parameters required for continuous process operation.
• Commercial Implementation: Questerre intends to implement the HCCO technology commercially at the PX Energy facility to lower internal fuel oil consumption and strengthen overall project economics.
• Demonstration Plant Design: Test results are being actively incorporated into the engineering and design of a planned small-scale commercial demonstration plant for the HCCO technology.
• Strategic Impact: The successful test advances the commercialization timeline for HCCO technology and supports the broader commercialization of resources held under Questerre’s licenses.

Notable Quotes

• Michael Binnion, President and Chief Executive Officer: “This is an important step forward. For the first time, we have shown that our technology works in a full commercial-sized vessel — not just in the laboratory. We anticipate this will further bring down our costs and improve the economics of the PX project. It moves us closer to a commercial demonstration of HCCO. It also brings us closer to commercializing the significant resources under Questerre’s licenses.”