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of ClearSign. “This is the culmination of a
multi-year relationship that spans before my
joining the company. This order is the final
step in demonstrating our technology with a
supermajor at its refinery. This development
results from the dedicated work of both
our team and the research-and-engineering
team at ExxonMobil. We look forward to
demonstrating our technology at its Baytown
refinery.”
CLEARSIGN TECHNOLOGIES, June 15, 2020

CITGO reports first-quarter
2020 results

CITGO Petroleum Corporation today
reported its first quarter 2020 performance
DOWNSTREAM tank systems and a number of tank systems results, including a net loss of $159mn and an
that did not display the required identification adjusted EBITDA1 of $38mn excluding the
British Columbia fuel- numbers. effect of special items.
In January 2013, Scamp Industries was
The onset of the COVID-19 pandemic
supply company fined issued a written warning for delivering fuel combined with crude oil demand destruction
were drivers behind the Company’s first
to a gas station in Chilliwack, which had
$200,000 for offences not registered its storage-tank systems with quarter results and impacted the industry
as a whole. The first quarter net loss was
Environment and Climate Change Canada.
under the Canadian ENVIRONMENT AND CLIMATE CHANGE particularly affected by the lower of cost
or market inventory valuation adjustment,
CANADA, June 11, 2020
Environmental Protection ClearSign Technologies a result of rapidly falling crude oil prices
affecting refiners across the industry.
Act, 1999 cash loss that had no impact on CITGO’s
“The LCM adjustment resulted in a non-
Canadians value a safe and clean Corporation receives multi- overall liquidity,” said CITGO President
environment. Environment and Climate unit process burner order and CEO Carlos Jordá. “Our management
Change Canada’s enforcement officers enforce team will continue monitoring the economic
the laws that protect Canada’s wildlife, air, from ExxonMobil environment closely, using the flexibility
water, and natural environment. of our refineries and the diversification of
On May 21, 2020, Scamp Industries, a fuel ClearSign Technologies, an emerging the markets where we operate to adjust
supplier based in Western Canada, was fined leader in industrial combustion and sensing our product slate and refinery runs while
$200,000 in the Provincial Court of British technologies that improve energy, operational continuing to evaluate additional cost
Columbia after pleading guilty on June 17, efficiency and safety while dramatically reductions.”
2019, to five counts of transferring petroleum reducing emissions, has received a purchase CITGO PETROLEUM, June 12, 2020
products into a storage-tank system where order from ExxonMobil to fabricate and
storage-tank-system identification numbers install the company’s ClearSign Core™ process
were not visible. This action is contrary to burners at its Baytown, Texas refinery. SERVICES
subparagraph 29(b)(i) of the Storage Tank The test will comprise a multi-burner
Systems for Petroleum Products and Allied process heater and burners incorporating the Strategic Alliance between
Petroleum Products Regulations, made breakthrough ClearSign Core™ NOx reduction
pursuant to the Canadian Environmental technology. This order is the final step in the Graves & Co. Consulting and
Protection Act, 1999. The penalty will be process to showcase ClearSign Core’s superior
directed to the Government of Canada’s NOx emissions technology. Signa Engineering
Environmental Damages Fund. The installation order follows the
In March 2015, Environment and Climate previously announced engineering order Graves & Co. Consulting is a reservoir
Change Canada enforcement officers and qualification program that ClearSign engineering and geological consulting firm.
inspected several gas stations on federal performed at its state-of-the-art Seattle R&D We are pleased to announce the creation of
and Indigenous land in the south-central facility. That testing was an evaluation over a a strategic alliance with Signa Engineering
area of British Columbia, including the broad range of typical conditions, including providing unparalleled engineering and
Kamloops and Salmon Arm areas, to monitor variations in fuel heating values, turndown, consulting capacity and expertise.
compliance with the Regulations. During and excess air. Graves’ collaboration with Signa, the
these inspections, the enforcement officers “We are delighted to have received this premier drilling and production engineering
found that Scamp Industries Ltd. had been order and to have advanced to this stage with and analytics firm, expands Graves’ capacity
delivering fuel to a number of unregistered ExxonMobil,” said Jim Deller, Ph. D, CEO to evaluate assets beyond oil and gas reserves

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