Wednesday, March 29, 2023

ExxonMobil to invest US$560 million for renewable diesel plant in Canada

The renewable diesel plant will use low-carbon hydrogen produced from carbon capture and storage technology.

ExxonMobil reported that its subsidiary Imperial Oil will invest US$560 million to build Canada’s largest renewable diesel plant, according to World Energy Trade.

Site preparation and preliminary construction is already underway.

Renewable diesel production is expected to begin in 2025 and the project will create 600 direct jobs in construction.

The project at Imperial Oil’s Strathcona refinery will produce 20,000 barrels of renewable diesel per day.

This production will be given mainly from local raw materials.

In addition, it will help reduce greenhouse gas emissions by 3 million metric tons per year from Canadian transportation in accordance with Canada’s Clean Fuels regulations.

Plant details

The facility is part of the corporation’s plan to invest approximately US$17 billion in emissions reduction initiatives through 2027.

“We continue to focus investments in Canada, where well-designed policies support technologies that reduce lifecycle emissions,” said Karen McKee, president of ExxonMobil Product Solutions.

Imperial’s renewable diesel plant will use low-carbon hydrogen produced using carbon capture and storage technology.

This is to help Canada meet low-emission fuel standards.

It should be noted that Imperial has signed an agreement with Air Products for the supply of low-carbon hydrogen.

And it is developing agreements with other third parties to supply organic raw materials.

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Low-carbon hydrogen and bio feedstock will be combined with a proprietary catalyst to produce high-quality, low-emission diesel fuel

All will contribute to reducing greenhouse gas emissions from the transport sector compared to conventional fuels.

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