(Reuters, 29.Oct.2024) — Canadian renewable fuel producers are facing lower returns on new facilities due to a slump in British Columbia’s low carbon fuel standard (LCFS) credit market, a trend expected to persist amid a flood of exports from the United States. Weakness in British Columbia’s LCFS credit market reflects […]
Tag: Imperial
ExxonMobil Moves Forward with Largest Renewable Diesel Facility in Canada
(ExxonMobil, 26.Jan.2023) — ExxonMobil announced its majority-owned affiliate, Imperial Oil Ltd, will invest about $560mn to move forward with construction of the largest renewable diesel facility in Canada. The project at Imperial’s Strathcona refinery is expected to produce 20,000 barrels of renewable diesel per day primarily from locally sourced feedstocks […]
Imperial to Invest Cdn$720mn in Renewable Diesel Facility
(Imperial, 26.Jan.2023) — Imperial Oil Limited (TSE: IMO, NYSE American: IMO) will further help Canada achieve its net zero goals by investing about Cdn$720mn (USD$560mn) to move forward with construction of the largest renewable diesel facility in the country. Highlights: — Facility expected to produce more than 1 billion liters […]