OTCPK:TITUF - Post by User
Post by
Flynner67on Sep 10, 2019 5:46am
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Post# 30111416
Could this be tic
Could this be tic
Suncor Energy to invest C$1.4B in cogeneration at Oil Sands Base Plant Sep. 9, 2019 6:17 PMSuncor Energy Inc. (SU)By: Carl Surran, SA News Editor Suncor Energy (NYSE:SU) announces plans to spend C$1.4B to replace its coke-fired boilers with low-carbon power cogeneration at its Oil Sands Base Plant. Through Oil Sands operating cost and sustaining capital reductions as well as margin improvements, SU expects the project will deliver a high-teens return as it enters service in H2 2023 and substantially contribute to the company's goal of an increased $2B in free funds flow by 2023. SU also says replacing the coke-fired boilers with cogeneration will reduce GHG emissions associated with steam production at Base Plant by 25%, and reduce sulfur dioxide and nitrogen oxide emissions by a respective 45% and 15