The present invention is directed to the upgrading of heavy
hydrocarbon feedstock that utilizes a short
residence pyrolytic reactor operating under conditions that cracks and chemically upgrades the feedstock. The process of the present invention provides for the preparation of a partially upgraded feedstock exhibiting
reduced viscosity and increased
API gravity. This process selectively removes metals, salts, water and
nitrogen from the feedstock, while at the same time maximizes the yield of the
liquid product, and minimizes
coke and gas production. Furthermore, this process reduces the
viscosity of the feedstock in order to permit
pipeline transport, if desired, of the upgraded feedstock with little or no addition of diluents. The method for upgrading a heavy
hydrocarbon feedstock comprises introducing a particulate
heat carrier into an upflow reactor, introducing the heavy
hydrocarbon feedstock into the upflow reactor at a location above that of the particulate
heat carrier so that a
loading ratio of the particulate
heat carrier to feedstock is from about 15:1 to about 200:1, allowing the heavy hydrocarbon feedstock to interact with the heat carrier with a
residence time of less than about 1 second, to produce a product
stream, separating the product
stream from the particulate heat carrier, regenerating the particulate heat carrier, and collecting a gaseous and
liquid product from the product
stream. This invention also pertains to the products produced by the method.