Imperial Oil to construct facility at its Strathcona refinery near Edmonton that will produce a billion litres of diesel each year using hydrogen and vegetable oils
committed to building the country’s largest renewable diesel refinery on Thursday, investing $720-million in a facility that will turn Alberta crops into fuel that primarily helps British Columbia hit its emission reduction targets.
Calgary-based Imperial said it will earmark a significant portion of the fuel for B.C. gas stations to support the province’s plan to lower greenhouse gas emissions. Imperial also plans to fill up its own fleet of vehicles on Strathcona diesel, using a formula that produces fuel suited to harsh winters. To a lesser extent, the Imperial project will also help Alberta achieve its goal of an 11-per-cent reduction in GHG emissions by 2030.
The Strathcona plant facility is expected to cost $720-million, up from an estimated $500-million when the project was. A spokesperson for Imperial said the increased budget reflects inflation in construction costs and expansion in the scope of the project, which now includes a larger rail link. The project represents a significant portion of Imperial’s $1.7-billion in planned capital spending this year.
Imperial forecasts diesel from the new facility will reduce GHG emissions from diesel-powered vehicles by about 3 million metric tonnes annually, the equivalent of taking approximately 650,000 cars off the road each year. The hydrogen used to make diesel will come from Alberta-produced natural gas, supplied by Pennsylvania-based Air Products & Chemicals, Inc.global operations.
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