SOURCE: Google Maps
August 8, 2024
BY Erin Voegele
Imperial Oil Ltd. on Aug. 2 confirmed that construction continues to advance on the renewable diesel project under development at its Strathcona refinery near Edmonton, Alberta. The project’s main reactor was installed during the second quarter and startup is currently expected in mid-2025.
Imperial Oil in mid-2021 announced plans to construct a 20,000-barrel-per-day renewable diesel complex at its Strathcona refinery. The company made a final investment decision in January 2023, with construction beginning soon after.
During a second quarter earnings call, Imperial Oil President and CEO Brad Corson said modules continue to arrive on site and the company is pleased with the progress of construction. According to Corson, construction is currently expected to be complete in Spring 2025, with commissioning scheduled to begin during the second quarter of next year.
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Corson also noted that Imperial Oil completed work on its Calgary renewable diesel blending and offloading distribution terminal during the second quarter. He said that facility will help meet customer demand for lower-emission fuel options.
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More than 1.76 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in January, down from 1.91 billion generated during the same period of 2024, according to data released by the U.S. EPA on Feb. 20.
The U.S. EPA on Feb. 20 released updated small refinery exemption (SRE) data showing that 13 previously denied SRE petitions for Renewable Fuel Standard compliance years 2021 and 2022 are being reconsidered. No new SRE petitions were filed.
OMV Petrom has announced the start of construction for a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at the Petrobrazi refinery in Romania. The new facility will have an annual capacity of 250,000 tons.
CVR Energy Inc. released fourth quarter financial results on Feb. 18, reporting reduced renewable diesel production. The company also said it is pausing development of SAF capacity pending clarity on government subsidies.
The U.S. EIA reduced its forecast for 2025 biodiesel production in its latest Short-Term Energy Outlook, released Feb. 11. The forecasts for renewable diesel production and the production of other biofuels, including SAF, were maintained.