Imperial Oil gives OK to $720M renewable diesel project near Edmonton

Imperial Oil gives OK to $720M renewable diesel project near Edmonton

Imperial Oil Ltd. is going ahead with a $720-million project to build a renewable diesel facility at its Strathcona refinery near Edmonton.

The project, first announced in August 2021, is expected to produce 20,000 barrels per day of renewable diesel once it is complete.

That will make it the largest facility of its kind in Canada, upon its expected completion in 2025, and one of the largest renewable diesel complexes in North America. 

The feds are looking for research projects on CCUS, and the PTRC has a lot they can offer

The feds are looking for research projects on CCUS, and the PTRC has a lot they can offer

Federal Minister of Natural Resources Jonathan Wilkinson announced on Jan. 25 an intake for “expressions of interest for carbon capture, utilization and storage (CCUS) research, development and demonstration (RD&D) projects and related science activities focused on carbon storage and transportation”

The Regina-based Petroleum Technology Research Centre (PTRC) has been heavily involved with such research for over 20 years. This includes the original research done on the Weyburn and Midale carbon dioxide-enhanced oil recovery projects that is now concluded, and ongoing work at the Aquistore project, part of SaskPower’s Boundary Dam Unit 3 Integrated Carbon Capture and Storage Project.

Oilsands execs say they can’t invest in decarbonization any faster, despite profits

Oilsands execs say they can’t invest in decarbonization any faster, despite profits

Oilsands executives insist they are all in on cutting emissions and will make big investments in green technology, but they maintain there isn’t a place to invest that money yet.

Many companies are coming off a year of windfall profits not because they pumped out more product, but because the war in Ukraine and global supply chain crunches pushed world oil prices way up.

Carbon capture, utilization and storage summit added to Williston Basin Petroleum Conference

Carbon capture, utilization and storage summit added to Williston Basin Petroleum Conference

REGINA – This spring’s Williston Basin Petroleum Conference has a new addition, with the Saskatchewan CCUS Summit. It comes at a time when interest is gathering steam.

CCUS stands for carbon capture, utilization and storage, and after literal decades of being implemented in Saskatchewan via the Weyburn and Midale Units, as well as Aquistore, the rest of the world is waking up to its promise.

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