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 Posté le: Jeu Nov 14, 2013 5:49 pm Sujet du message: lancel soldes wxa2dsdl |
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{Sod turning at $6 billion bitumen refinery project in Redwater preceded by construction}
REDWATER — While there was a symbolic sod-turning Friday at the Edmonton region’s largest industrial project, work is actually well underway on the $6 billion North West Redwater Partnership bitumen refinery.The project boasts a short list of groundbreaking characteristics — first refinery in the world designed to capture carbon dioxide, first project under Alberta’s Bitumen Royalty in Kind (BRIK) program, and the template for how the province intends to wring the most out of its bitumen, which is always sold at a large discount in U.S. markets.Surrounded by a fleet of earth moving machines — all of them rendered silent after crews took a day off from working around the clock all month — provincial, municipal and industry officials met to celebrate the recent progress that has transformed the look of farmers’ fields across from the large Agrium fertilizer facility.Phase one will be operating by 2016, converting 50,000 barrels per day of bitumen into primarily ultralow sulphur diesel for local and export markets.“When all three phases are in operation, we will be generating $10 billion a year in sales, and over its economic life this project will generate about $1 trillion in economic activity in Alberta,” said Ian MacGregor, founder and chairman of North West Upgrading, which formed a partnership with Canadian Natural Upgrading Limited (CNUL),[url=http://www.saclancelvente.fr]lancel soldes[/url], a wholly owned subsidiary of Canadian Natural Resources Limited.Three-quarters of the feedstock supply comes from provincial royalty bitumen, with the rest from CNRL. The province pays the partnership a fee for processing its bitumen, and will earn much more than simply selling the raw bitumen into the market.“If phase one had been in operation last year, the province would have earned about $500 million more than it got by selling its raw bitumen. If the province could get that netback for all its royalty bitumen by 2020, it would earn an additional $4 billion,” he added.“We can’t build all these plants by then, but it tells you the size of the prize if we keep after it.”MacGregor said with more bitumen coming on the market in the years ahead, the ability to get it to buyers in Asia will be a big challenge.“We are not certain bitumen can be exported from the West Coast — it is contentious — but we know we can export diesel now, because it moves up and down the coast by tanker every day, and every community gets its diesel supplied by tanker. And the terminals already exist.”The best markets for Alberta’s new diesel — which will have the “lowest embedded CO2” in the world — will be India and China.“And the U.S. Gulf Coast is already exporting one million barrels of diesel each day, much of it made with Alberta feedstock. We may be able to go after that market too,” said MacGregor.The project developers have already committed $2 billion to work so far, including pipeline installation and site work, as well as years of engineering and planning. They intend to have all key contracts and equipment orders completed early in 2014.
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