A.F.S.K. Hom Tov
Encyclopedia
A.F.S.K. Hom Tov is a spin-off of the A.F.S.K. Industries Group located in Haifa
, Israel
. In 2006, the company claimed that it had patented technology for converting oil shale
to shale oil
.
In 2006, it was reported that 70% of the company shares would be acquired by a group of investors led by Israeli businessman Ofer Glazer. However, the transaction was not finalized, and Hom Tov subsequently ceased to operate.
extraction methods. In 2006, in conjunction with announcing the planned partnership with Glazer, the company announced plans to build a full scale production plant in the Negev Desert south of Beer Sheba at Mishor Rotem. The Mishor Rotem plant would bring bitumen 80 kilometres (49.7 mi) by pipeline from the Ashdod refinery
and return product along the same corridor.
Haifa
Haifa is the largest city in northern Israel, and the third-largest city in the country, with a population of over 268,000. Another 300,000 people live in towns directly adjacent to the city including the cities of the Krayot, as well as, Tirat Carmel, Daliyat al-Karmel and Nesher...
, Israel
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
. In 2006, the company claimed that it had patented technology for converting oil shale
Oil shale
Oil shale, an organic-rich fine-grained sedimentary rock, contains significant amounts of kerogen from which liquid hydrocarbons called shale oil can be produced...
to shale oil
Shale oil
Shale oil, known also as kerogen oil or oil-shale oil, is an unconventional oil produced from oil shale by pyrolysis, hydrogenation, or thermal dissolution. These processes convert the organic matter within the rock into synthetic oil and gas...
.
History
Hom Tov was founded in 1994 by Shimon Kazansky and Yisrael Feldman. In 1996, Sonol, a wholly owned subsidiary of Granite Hacarmel, invested $1.5 million in the company.In 2006, it was reported that 70% of the company shares would be acquired by a group of investors led by Israeli businessman Ofer Glazer. However, the transaction was not finalized, and Hom Tov subsequently ceased to operate.
Shale oil extraction process
In the shale oil extraction process (US Patent 5372708) invented in 1992 by Moshe Gvirtz (also spelled as Moshe Gewertz) and promoted by Hom Tov, oil shale fine particles are slurried with waste bitumen and pumped through coils in a heater. Promoters of this process claimed that the process was profitable at the crude oil price of US$17 per barrel. The company also claimed that the technology was more efficient as it enables the oil shale to be processed at somewhat lower temperatures with the addition of the catalyzing bitumen, and more environmentally friendly than classical shale oilShale oil
Shale oil, known also as kerogen oil or oil-shale oil, is an unconventional oil produced from oil shale by pyrolysis, hydrogenation, or thermal dissolution. These processes convert the organic matter within the rock into synthetic oil and gas...
extraction methods. In 2006, in conjunction with announcing the planned partnership with Glazer, the company announced plans to build a full scale production plant in the Negev Desert south of Beer Sheba at Mishor Rotem. The Mishor Rotem plant would bring bitumen 80 kilometres (49.7 mi) by pipeline from the Ashdod refinery
Ashdod Oil Refineries
Ashdod Oil Refinery is second largest Oil Refinery in Israel, after Haifa Oil Refineries Ltd, located in coastal city of Ashdod. It was once part of governmental company Oil Refineries Ltd. After privatization of the company and solution to break the monopoly in Oil Refinery field, Ashdod oil...
and return product along the same corridor.