KAURI GUM OIL

New Zealand Times, Volume XLIII, Issue 10028, 20 July 1918, Page 7

KAURI GUM OIL

air G. E. Alder ton, managing director of the Parenga Gumfields ComSW Ltd! arrived in Wellington yesterday, Wanganui and informs ns that the result of the refining of the gum oil produced by the com P“r'? new process of extraction has i highly satisfactory, and gives every promise of the new industry dcvehn*. f nz into one of considerable tudo. The refining of the ml was done hv 3lr E. Crow, engineer and chemist to the Wanganui Rcstar Company, Ltd., and ho reports having separated the crude oil into three fractions or oils, a benzine, a paint on, and a lubricating oil, with a residue of JU per cent, pitch- The commercial nature of these oils he places at 2s 6d, ds, and 4s per gallon, making the value ot the crude oil 2s 6d per gallon. The amount of oil obtained by the •company’s process varies from /o to 150 gallons per ton of material treated, and the cost of treatment will not exceed fourpence per gallon. The material from which the oil is obtained is valued at present for the gum it contains at 20s per ton, but if used for oil production its value will be not less than £9 per ton. Hr Alder ton estimates that an acre of the right gum swamp will yield 100,000 gallons of oil, worth from £IO,OOO to £12,000, and as his coinpany owns from 8000 to 10,000 acres of swamp land, steps are to be taken at once to develop the industry, : *