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Oil & Natural Gas Technology DOE Award No.: DE-FE0000408 Final Report October 2009 – September 2012 Post Retort, Pre Hydro-treat Upgrading of Shale Oil Submitted by: Ceramatec Inc 2425 S. 900 W. Salt Lake City, UT 84119 Prepared by: John H. Gordon, PI Prepared for: United States Department of Energy National Energy Technology Laboratory January 25, 2013 Office of Fossil Energy