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Released September 07, 2022 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Imperial Oil Limited (Calgary, Alberta) has entered an agreement with Air Products and Chemicals Incorporated (NYSE:APD) (Lehigh Valley, Pennsylvania) to supply Imperial with low-carbon hydrogen for its planned renewable diesel complex at its Strathcona Refinery in Alberta. The hydrogen will be sourced from Air Products' planned facility in Edmonton. Industrial Info is tracking both projects.
Imperial Oil is majority owned by Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas).
"Our agreement with Air Products is an important milestone as we progress plans to build the largest renewable diesel manufacturing facility in Canada," Jon Wetmore, Imperial's vice president of downstream, said in a press release. "This project highlights Imperial's commitment to investing in a lower-carbon future. We continue to progress discussions with our business partners and governments as we work toward a final investment decision in the months ahead."
Imperial's US$500 million renewable diesel complex and carbon capture storage (CCS) project is expected to begin site preparation in March 2023, with the completion expected in 2024. The new complex at the 187,000-barrel-per-day (BBL/d) Strathcona Refinery would process 20,000 BBL/d of bio-feedstock and blue hydrogen upon completion, with a goal of processing 40,000 BBL/d by 2025. Imperial says the project would offset 3 million metric tons of carbon dioxide (CO2) from transportation emissions every year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Project Database can click here for a detailed project report.
Industrial Info is tracking US$1.1 billion worth of projects at facilities owned by Imperial Oil. Click here for a full list.
Air Products is expected to supply the Strathcona facility with approximately 50% of the hydrogen output from its US$1 billion Edmonton Net-Zero Blue Hydrogen Energy Complex in Alberta. In order to support the contract, Air Products will increase the overall investment at the facility to US$1.2 billion, the company announced. The facility is expected to wrap up in 2025 with a long-term capacity goal of 1,500 metric tons per day of net-zero hydrogen. The project design also includes carbon sequestration and the construction of a hydrogen-fueled power plant. Subscribers can click here for the project report.
Air Products expects capital expenditures (capex) of $4.5 billion to $5 billion for full-year fiscal 2022, and plans to spend an additional $4 billion in new capex to support its clean energy transition. For more information, see Industrial Info's July 27, 2022, article - Air Products to Spend Additional $4 Billion on Clean Energy Transition.
According to a recent report from the U.S. Department of Agriculture's (USDA) Foreign Agricultural Service's (FAS) Global Agricultural Information Network, Canada is expected to consume 500 million liters (132.09 million gallons) of renewable diesel this year, up from 480 million liters in 2021. Canada currently imports all the renewable diesel it consumes, according to the report, but that is expected to change with renewable diesel projects scheduled to come online in Canada over the next few years.
Covenant Energy Limited (Saskatchewan) expects to bring its US$500 million Estevan Renewable Diesel plant online in 2025, after constructing a production building and equipment to process canola oil into between 300 million and 325 million liters per year of renewable diesel, arctic-grade renewable diesel and sustainable aviation fuel to be shipped throughout Canada. Click here for the project report.
Meanwhile, Parkland Fuel Corporation (Calgary) expects to bring a US$460 million renewable diesel unit addition online in 2025 at its Burnaby Refinery in British Columbia. The proposed unit would add 6,500 BBL/d of renewable diesel to increase the refinery's supply of low-carbon transportation fuels. Click here for the project report.
Subscribers can click here for a list of all projects mentioned in this article and click here for related plant profiles.
Industrial Info is tracking about US$17.5 billion worth of renewable diesel projects in the U.S. and Canada, US$3.4 billion of which is in Canada. Subscribers to Industrial Info's GMI project database can click here for a list.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Imperial Oil is majority owned by Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas).
"Our agreement with Air Products is an important milestone as we progress plans to build the largest renewable diesel manufacturing facility in Canada," Jon Wetmore, Imperial's vice president of downstream, said in a press release. "This project highlights Imperial's commitment to investing in a lower-carbon future. We continue to progress discussions with our business partners and governments as we work toward a final investment decision in the months ahead."
Imperial's US$500 million renewable diesel complex and carbon capture storage (CCS) project is expected to begin site preparation in March 2023, with the completion expected in 2024. The new complex at the 187,000-barrel-per-day (BBL/d) Strathcona Refinery would process 20,000 BBL/d of bio-feedstock and blue hydrogen upon completion, with a goal of processing 40,000 BBL/d by 2025. Imperial says the project would offset 3 million metric tons of carbon dioxide (CO2) from transportation emissions every year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Project Database can click here for a detailed project report.
Industrial Info is tracking US$1.1 billion worth of projects at facilities owned by Imperial Oil. Click here for a full list.
Air Products is expected to supply the Strathcona facility with approximately 50% of the hydrogen output from its US$1 billion Edmonton Net-Zero Blue Hydrogen Energy Complex in Alberta. In order to support the contract, Air Products will increase the overall investment at the facility to US$1.2 billion, the company announced. The facility is expected to wrap up in 2025 with a long-term capacity goal of 1,500 metric tons per day of net-zero hydrogen. The project design also includes carbon sequestration and the construction of a hydrogen-fueled power plant. Subscribers can click here for the project report.
Air Products expects capital expenditures (capex) of $4.5 billion to $5 billion for full-year fiscal 2022, and plans to spend an additional $4 billion in new capex to support its clean energy transition. For more information, see Industrial Info's July 27, 2022, article - Air Products to Spend Additional $4 Billion on Clean Energy Transition.
According to a recent report from the U.S. Department of Agriculture's (USDA) Foreign Agricultural Service's (FAS) Global Agricultural Information Network, Canada is expected to consume 500 million liters (132.09 million gallons) of renewable diesel this year, up from 480 million liters in 2021. Canada currently imports all the renewable diesel it consumes, according to the report, but that is expected to change with renewable diesel projects scheduled to come online in Canada over the next few years.
Covenant Energy Limited (Saskatchewan) expects to bring its US$500 million Estevan Renewable Diesel plant online in 2025, after constructing a production building and equipment to process canola oil into between 300 million and 325 million liters per year of renewable diesel, arctic-grade renewable diesel and sustainable aviation fuel to be shipped throughout Canada. Click here for the project report.
Meanwhile, Parkland Fuel Corporation (Calgary) expects to bring a US$460 million renewable diesel unit addition online in 2025 at its Burnaby Refinery in British Columbia. The proposed unit would add 6,500 BBL/d of renewable diesel to increase the refinery's supply of low-carbon transportation fuels. Click here for the project report.
Subscribers can click here for a list of all projects mentioned in this article and click here for related plant profiles.
Industrial Info is tracking about US$17.5 billion worth of renewable diesel projects in the U.S. and Canada, US$3.4 billion of which is in Canada. Subscribers to Industrial Info's GMI project database can click here for a list.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
