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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Bullboard Posts
Post by Indicatoron Oct 23, 2019 2:08pm
251 Views
Post# 30260173

*** BYPASSING Piplelines**

*** BYPASSING Piplelines**
This has the potential to be A HUGE GAME CHANGER FOR REACHING NEW MARKETS, BYPASSING the NEED for PIPELINES!

Should a container of TrueCrude ever crack open and end up in the ocean, it would float in one large block that could easily be recovered, the company says.


The pure bitumen is heated so it can be poured into modified shipping containers, where it then solidifies when it cools. It is then shipped by train and put onto container ships. When it reaches its destination, the bitumen is heated to allow to flow into a refinery.

Melius is currently building a demonstration diluent recovery plant in Edmonton. Butler said the plants could be built and sold as turn-key operations to oil producers in Alberta.

Melius says transporting bitumen by train and container ship is cost competitive with pipeline and oil tanker transport. For one thing, there are no capital costs associated with the transportation, since the railway lines already exist.

“We’re moving on existing rail lines, it’s a safe product and we can efficiently move volume at scale,” Butler said.

There are also economies of scale associated with moving products by container ship, as opposed to oil tanker, since there are so many containers ships plying the ocean.

https://www.jwnenergy.com/article/2019/9/first-shipment-solid-bitumen-its-way-china/




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