ExxonMobil Affiliate to Produce Renewable Diesel to Help Reduce Transportation Emissions in Canada
25 Août 2021 - 1:55PM
Business Wire
- Project will include carbon capture and storage, hydrogen to
meet low-carbon fuel standards
- Strathcona refinery could produce 20,000 barrels of renewable
diesel per day in 2024
- Renewable diesel has the potential to reduce annual CO2
emissions by about 3 million metric tons compared to conventional
fuels
ExxonMobil today announced its majority-owned affiliate,
Imperial Oil Ltd., is moving forward with plans to produce
renewable diesel at a new complex at its Strathcona refinery in
Edmonton, Canada. When construction is complete, the refinery is
expected to produce approximately 20,000 barrels per day of
renewable diesel, which could reduce emissions in the Canadian
transportation sector by about 3 million metric tons per year. The
complex will utilize locally grown plant-based feedstock and
hydrogen with carbon capture and storage (CCS) as part of the
manufacturing process.
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ExxonMobil affiliate Imperial Oil Ltd. is
moving forward with plans to construct a world-class renewable
diesel complex at the Strathcona refinery near Edmonton, Alberta.
The project is expected to help reduce emissions by 3 million
metric tons per year from Canada's transportation sector. (Photo:
Business Wire)
“Canada’s proposed low-carbon fuel policies incentivize the
development of lower-emission fuels that can make meaningful
contributions to the hard-to-decarbonize sectors of the economy,
including transportation,” said Ian Carr, president of ExxonMobil
Fuels & Lubricants Company. “The Strathcona project is an
example of how well-designed policies allow us to leverage our
existing global facilities for capital efficiency, utilize our
proprietary catalyst technology, and bring our decades of
processing experience to develop low-emission fuels.”
The renewable diesel production process will utilize blue
hydrogen, which is produced from natural gas with carbon capture
and storage. Production of blue hydrogen has been shown to have
substantially reduced greenhouse gas emissions compared to
conventionally produced hydrogen. Approximately 500,000 metric tons
of CO2 are expected to be captured each year utilizing CCS. The
blue hydrogen and biofeedstock will be combined with a proprietary
catalyst to produce premium low-carbon diesel fuel.
“ExxonMobil Low Carbon Solutions has made the broad
commercialization of carbon capture and storage our initial focus,
and we are seeing increased momentum for projects that include
hydrogen and biofuels – areas that we are uniquely suited to
address and advance in combination with CCS,” said Joe Blommaert,
president of ExxonMobil Low Carbon Solutions. “We strongly support
an economy-wide price on carbon because it is the most efficient
approach to changing behaviors and accelerating investments in
low-emission technology. However, Canada’s Clean Fuel Regulation
could be a model for other countries considering a sectoral
approach. Technology-neutral, lifecycle carbon-intensity based
fuels policies like the one proposed in Canada can quickly bring
projects like Strathcona to scale and rapidly reduce emissions at a
low cost to society.”
A final investment decision will be based on several factors,
including government support and approvals, market conditions and
economic competitiveness. Imperial will lead the project, which is
expected to create about 600 direct construction jobs. Renewable
diesel production is anticipated to start in 2024.
Based on an analysis of California Air Resources Board data,
renewable diesel from various non-petroleum feedstocks can provide
life-cycle greenhouse gas emissions reductions of approximately 40
percent to 80 percent compared to petroleum-based diesel. The
United States Environmental Protection Agency estimates that
reducing 3 million metric tons of greenhouse gases is equivalent to
taking more than 650,000 passenger vehicles off the road for one
year.
The Strathcona renewable diesel project is part of ExxonMobil’s
plans to provide more than 40,000 barrels per day of low-emissions
fuels by 2025. In the United States, the company has agreed to
purchase up to 5 million barrels of renewable diesel annually from
Global Clean Energy to supply markets in California. Chemically
similar to petroleum-based diesel, renewable diesel can be readily
blended for use in engines on the market today.
In March, ExxonMobil established a Low Carbon Solutions business
to commercialize low-emission technologies, including CCS, biofuels
and hydrogen.
In June, Imperial announced its participation as a founding
member of the Oil Sands Pathways to Net Zero Alliance. The goal of
this unique alliance, working collectively with the broader oil and
gas industry and the federal and Alberta governments, is to achieve
net-zero greenhouse gas emissions from oil sands operations by 2050
to help Canada meet its climate goals, including its Paris
Agreement commitments and 2050 net-zero aspirations.
The International Energy Agency projects CCS could mitigate up
to 15 percent of global emissions by 2040, and the U.N.
Intergovernmental Panel on Climate Change (IPCC) estimates global
de-carbonization efforts could be twice as costly without CCS.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy companies, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. To learn more, visit exxonmobil.com, the
Energy Factor and Carbon capture and storage | ExxonMobil.
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Cautionary Statement: Statements of
future events, investment opportunities or conditions in this
release are forward-looking statements. Actual future results,
including project plans, timing, production volumes, and costs,
future relative reductions in emissions and emissions intensity,
carbon capture and hydrogen results and the impact of operational
and technology efforts could vary depending on any changes in the
designs upon final approval of this project; the ability to execute
operational objectives on a timely and successful basis; the
ability to obtain and timing of required governmental and other
third party consents; the development and pace of supportive market
conditions and national, regional and local policies relating to
renewable fuels, carbon capture, hydrogen, and emission reductions;
changes in laws and regulations including laws and regulations
regarding greenhouse gas emissions, carbon costs, and taxes; trade
patterns and the development and enforcement of local, national and
international mandates and treaties; unforeseen technical or
operational difficulties; the outcome of research efforts and
future technology developments, including the ability to scale
projects and technologies on a commercially competitive basis;
changes in supply and demand and other market factors affecting
future prices of oil, gas, and petrochemical products; and other
factors discussed in this release and under the heading “Factors
Affecting Future Results” on the Investors page of ExxonMobil’s
website at exxonmobil.com.
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