September 9, 2019 - 2:01 AM EDT
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First Nations & Value Creation Group Alliance: Transforming Oil Sands into Clean Oil Industry

First Nations & Value Creation Group Alliance: Transforming Oil Sands into Clean Oil Industry

Canada NewsWire

CALGARY, Sept. 9, 2019 /CNW/ - Athabasca Chipewyan First Nation, Chipewyan Prairie First Nation, First Nation #468, (in alphabetical order) and Value Creation Group ( " VCG " ) jointly announce an Alliance Agreement, targeting to reach a Definitive Business Agreement within Q4 2019. We continue our joint effort to expand the Indigenous Alliance(s), with good progress.

The Alliance Partners will jointly work with Government and Industry, to bring to fruition VCG's  Mission :

to transform [ Oil Sands to Clean Oil Industry ]  – Economically , Competitively  and Sustainably, while Unearthing Huge ( latent ) Global Markets.

" We are excited with the VCG technologies and business strategy. It is transformational both in Economics and Environmental Performance. This provides investment opportunities for Sustainable Growth of Wealth and Wellness, perfectly fitting the aspiration of Indigenous People , echoing Government's voice for economic growth and sustainable prosperity for Indigenous People , "  
according to a joint statement of Chief Allan Adam, Chief Vern Janvier, Chief Ron Kreutzer.

" We feel gratified to have an Alliance with leading Indigenous Groups. Together ,  we would contribute to quickly Actualize the Alberta Government Vision :

Alberta – the Destination of choice for Global Energy Investment
... catapulting Economy and Employment , Sustainably ,

remarked Dr. Columba  Yeung , Chairman and CEO , Value Creation Group.

Value Chain Solutions Inc. ( VCS ) , a Subsidiary of Value Creation Inc. , with Upgrading – Refining mandate at Alberta Industrial Heartland , has already activated site preparations  and project front-end work , in preparation for timely project execution.

The first Commercial Project targets for up to 188,000 bpd capacity, the fully approved capacity, producing Premium Crudes/Products.

VCG would first focus on Quality & Excellence of its first Commercial Project.

Given the market interest/feedback, VCG has advanced plans in place,

  • To fast-track a Supply Chain of Premium Crudes/Product, targeting 1+ million bpd,with Dominant Competitiveness…creating a Clean Oil Corridor from Alberta to High Growth Asian region.

About VCG:

VCG's proprietary technology scheme enables upfront De-carbonization and Partial Decontamination of bitumen very selectively and cost effectively. This drastically simplifies the subsequent Upgrading and Refining  technology complexities and severities , leading to step-changes in capital cost , operating / energy  costs ,  and consequently GHG emissions.  VCS' Upgrading  produces High Quality Medium Crudes that best-fit Conventional  Conversion Refineries , by far the majority of global refineries.

VCS's  Upgrader can be readily adopted to produce Premium  Fuel Products ( e.g. IMO 2020, very High Cetane Diesel ) with fast  growing demands , most cost competitively.

This notice or the information contained herein is not being issued in or into and may not be distributed directly or indirectly in or into, the United States of America or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

CAUTION ON FORWARD-LOOKING STATEMENT – DISCLAIMER

This communication is based on information available when this communication was prepared and is provided as a matter of convenience only. VCG makes no warranty or representation, express, implied, statutory or otherwise, as to the accuracy or completeness of the information contained in this communication. VCG disclaims liability for any reliance upon any information or representation contained in this communication, for any omissions from this communication, and for any written or oral communications made by VCG or its representatives in connection with this communication. This communication does not necessarily contain all the information that a recipient may require or desire. Any reliance or use of such information is done at the recipient's sole risk. This communication is not and under no circumstances is it to be construed as an advertisement or offer to sell any securities of VCG. Certain statements contained in this communication may be prospective in nature and constitute forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that could cause VCG's actual results, performance or achievement to differ materially from those expressed in, or implied by, the forward-looking statements. Accordingly, no assurance can be, and none is given in this communication that any of the forward-looking statements will transpire or occur, or if any of them do so, what benefits VCG will derive therefrom. VCG disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

SOURCE Value Creation Group

View original content: http://www.newswire.ca/en/releases/archive/September2019/09/c0752.html

please contact Iva Georgieva at 403-539-4544 or email [email protected] and visit the Value Creation Inc. website at http://www.vctek.com/ or the Value Chain Solutions Inc. website at https://www.vcsb2co.com.Copyright CNW Group 2019


Source: Canada Newswire (September 9, 2019 - 2:01 AM EDT)

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