Imperial Oil Ltd. on Nov. 1 confirmed that its renewable diesel project under construction at the company’s Strathcona refinery near Edmonton, Alberta, continues to progress on schedule with startup expected during the first half of next year.&nbsp;Imperial in mid-2021&nbsp;<a href="https://biomassmagazine.com/articles/18273/imperial-to-produce-renewable-diesel-at-strathcona-refinery">announced&nbsp;</a>plans to construct a 20,000-barrel-per-day renewable diesel complex at its Strathcona refinery. The company&nbsp;<a href="https://news.imperialoil.ca/news-releases/news-releases/2023/Imperial-Approves-720-million-for-Largest-Renewable-Diesel-Facility-in-Canada/default.aspx">made a final investment decision</a>&nbsp;in January 2023, with construction beginning soon after. Once fully operational, the plant is expected to have the capacity to produce more than 1 billion liters (264.17 million gallons) of renewable diesel annually.&nbsp;During a third quarter earnings call, Imperial Oil President and CEO Brad Corson said he is pleased with the construction progress on the renewable diesel unit at Strathcona. He stressed the project is a highly attractive and strategic opportunity within the company’s portfolio that leverages numerous competitive advantages, including location, scale, expertise and technology.&nbsp;Corson also noted the company completed a turnaround at the Strathcona refinery during the third quarter. With the completion of that turnaround, he said Imperial added additional flexibility to co-process plant-based feedstocks at the refinery. Corson explained that co-processing can help the company’s customers reduce their emissions while further enhancing Imperial’s low carbon product offering.&nbsp;In addition, Corson expressed confidence on the underlying economics of the Strathcona renewable diesel project, noting that development of renewable diesel production capacity at an existing refinery allows Imperial to lower capital costs by leveraging existing utilities, rail infrastructure, staff, and other elements. The facility will leverage locally produced feedstock oils, reducing feedstock transportation costs, and utilize technology provided by ExxonMobile that will allow it to produce a drop in diesel product that is effective over a range of temperature conditions. Regulatory considerations are also much different in the U.S. than Canada, he added, which provides additional economic support to the project.&nbsp;&nbsp;

2024-11-05 - Imperial: Strathcona renewable diesel project remains on track for 2025 startup  (2 publications)

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Imperial Oil Ltd. on Nov. 1 confirmed that its renewable diesel project under construction at the company’s Strathcona refinery near Edmonton, Alberta, continues to progress on schedule with startup expected during the first half of next year. 

Imperial: Strathcona renewable diesel project remains on track for 2025 startup

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