Opti's parent corporation is Ormat, the Israeli corporation that developed "orcrude"-- otherwise known in Alberta as "co-generation"-- burning the waste gunk from the bottom of a barrel of tar sands bitumen to provide energy. This would eventually be used in much of historical Palestine to develop oil shale and has been using the Long Lake plant as a laboratory to make this production happen. Long Lake officially went commercial in October of last year.
--M
OPTI sticks to plan to raise cash
DAVID EBNER // VANCOUVER
Globe and Mail
Jun. 27, 2009