A close-knit and committed team of scientists, engineers and entrepreneurs are leading a company at the forefront of the energy transition.
Red Leaf Resources is an energy technology company that is working to develop solutions to transition liquid fuels production to a low-emission future. Our proprietary HCCO® process is a game changer for the industry as it virtually eliminates emissions from liquid fuels produced from organic-rich sources. Leveraging this technology, we acquired and plan to develop large-scale resources, particularly, kerogen or oil shale, in Utah (where our leases hold an estimated 700 million barrels of oil) and in the Kingdom of Jordan (where a licensee holds an estimated eight billion barrels of oil). By developing these resources in an environmentally sustainable manner, we will ensure energy security through the addition of oil shale to the existing energy supply.
Our proprietary HCCO® process is a game changer for the oil shale industry.
In addition to our oil shale resource opportunities, Red Leaf Resources is aiming to extract rare earth elements in Utah and the potential for phosphate as a fertilizer in Jordan – projects that underpin our synergistic approach to resource development.
Through our Uintah Partners division, we are seeking to develop much-needed logistics and processing infrastructure for the expansion of the oil-producing Uinta Basin in Utah and the surrounding region. Most significantly, the company is looking to build a 40,000 barrel per day oil refinery in the Uinta Basin, along with rail infrastructure that will provide logistics solutions to energy companies in the region.
- 30+ US and international patents for our zero-emissions technology
- $200 million invested to date in technology and resource development
- State leases in Utah with an estimated 715 million barrels of oil
- World-class technical expertise in oil shale including two foremost experts
- Licensee arrangements leveraging our technology to gain exposure to billion-barrel deposits
To use our technology to develop the organic-rich ore and inter-bedded strategic mineral resources in Utah’s Uinta Basin and be at the forefront of the industry’s energy transition to net-zero.
To become the energy transition technology provider of choice for blue oil production (net‑zero CO2) from organic-rich ore resources anywhere in the world, with co-production of strategically-aligned materials.
Respect, safeguard and benefit our people, our community and the environment while creating shareholder value.
Evolving in an ever-changing environment
Red Leaf Resources has been at the forefront of technology innovation and resource capture since our founding in 2006.
Red Leaf was originally set up to capture large resources through the development of hydrocarbon ore pyrolysis technology. Pyrolysis is the chemical decomposition of organic (carbon-based) materials through the application of heat in the absence or near absence of oxygen, to produce vapor to create products such as condensable liquids and non-condensable gases.
The company focused on the development of oil shale technologies, as well as holding leases for oil shale mining and extraction in the Uinta Basin in the state of Utah. One of the first iterations of the technology was endorsed in early 2012 when we formed a joint venture with a major international oil company with a view to developing a commercial project on its Utah leases. With the oil price crossing the $100 per barrel threshold, the commercial viability of the project was established, engineering work began, a mine was opened with material stockpiled and roads built, while a major water well and supporting infrastructure were developed. However, the joint venture was dissolved with the collapse of energy prices in 2014 and the price of crude oil dropping to under $30 a barrel in early 2015.
This change led us to re-design Red Leaf’s technology to compete in a new economic environment. More importantly, with the emergence of ESG as a driving force, we assessed ways to further improve the company’s environmental footprint.
Through our sustained efforts, today the technology – under the name, HCCO® – and the Utah resource holdings project, is capable of delivering 75,000 barrels per day, producing blue oil, in a net-zero CO2 emissions process. Red Leaf has been able to reduce operating costs to under $20 per barrel, meaning the project is now viable with an oil price as low as $35 a barrel.
…today the technology – under the name, HCCO® – and the Utah resource holdings project, is capable of delivering 75,000 barrels per day.
In addition to the HCCO® technology development, we discovered a rich deposit of rare earth elements (REEs) interbedded in the Utah oil shale deposit, offering the potential for Red Leaf to be a significant US-based early mover in the development of REEs. Commonly used in consumer electronics such as televisions, tablet computers, cameras, and mobile phones, as well as automobile catalytic converters and rechargeable batteries, REEs are also known as the ‘green elements’ as they are essential to many green energy technologies, including wind turbines and electric vehicles.