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Genoil’s business model is designed to maximize revenues from the commercialization of its three core technologies.
Genoil generates revenue primarily from three sources:
- Genoil Hydroconversion Upgrader
- Refinery engineering
- Oil and Water Separation
 Genoil Hydroconversion Upgrader (GHU®)
Engineering and consulting revenues:
- Upfront/basic engineering: project design, procurement and implementation for upstream and downstream projects
- Schedule A engineering Project design, procurement and implementation for upstream and downstream projects
Technology licensing fees:
- Long term licensing agreements based on $ per flowing bpd
Production royalty revenues:
- Long term upfront licensing fee based on $ per flowing bbl
Merchant plant revenues (based on Genoil ownership of the plant with/without strategic partners):
- Profit on acquisition of cheap crude oil, upgrading and then selling upgraded crude oil
- Profit on acquisition of heavy oil reserves, upgrading and then selling upgraded crude oil
- Service agreement based on a toll fee for upgrading customer’s crude oil
Refinery Engineering:
Engineering and consulting revenues:
- Refinery retrofitting
- Upfront/basic engineering:project design, procurement and implementation for upstream and downstream projects
- Schedule A engineering
- ECM: Approximately 15% - 20% of total project cost
Oil / Water Separation
Expected near term sales income stream:
- Crystal Sea bilge water separator for commercial ships
Genoil’s long term goal is to own a vertically integrated GHU refinery that refines crude oil and bio fuels delivering finished petroleum products into the global market. |
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