Exxon Mobil Affiliate Imperial Oil to Produce Renewable Diesel at New Complex in Canada
August 25 2021 - 8:45AM
Dow Jones News
By Michael Dabaie
Exxon Mobil Corp. said its majority-owned affiliate Imperial Oil
Ltd. is advancing plans to produce renewable diesel at a new
complex at its Strathcona refinery in Edmonton, Canada.
When construction is complete, Exxon expects the refinery to
produce about 20,000 barrels a day of renewable diesel. The company
said that could reduce emissions in the Canadian transportation
sector by about 3 million metric tons a year.
The facility will use locally grown plant-based feedstock and
hydrogen with carbon capture and storage as part of the
manufacturing process, Exxon said. The renewable diesel production
process will utilize blue hydrogen, which is produced from natural
gas with carbon capture and storage.
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, the
company said. The Strathcona renewable diesel project is part of
Exxon's plans to provide more than 40,000 barrels a day of
low-emissions fuels by 2025.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
August 25, 2021 08:32 ET (12:32 GMT)
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