Imperial Oil on Thursday said it will invest C$720 million ($538.64 million) to construct Canada's largest renewable diesel facility at its Strathcona refinery near Edmonton, Alberta.
on Thursday said it will invest C$720 million to construct Canada's largest renewable diesel facility at its Strathcona refinery near Edmonton, Alberta.
Imperial expects regulatory approval for the project, first announced in August 2021, in the near-term. The low-carbon hydrogen will be produced with carbon capture and storage technology and supplied by Air ProductsImperial is developing agreements with third parties for biofeedstock supply. Jon Wetmore, Imperial's vice-president for downstream, said the project had moved forward quickly to help secure feedstocks such as canola, which needs to be run through crush plants and turned into canola oil before being used.
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