Partner for Upgrading Tech?Unfortunately there is so much uncertainty in the oil & gas arena now and likely for the forseeable future. Our governments keep moving the goal posts, the US government is now ramping up their spend on renewables. I still firmly believe we will be needing significant oil & gas for the next 30 years and even beyond.. unless governments continue with their draconian measures and use 'Stop Climate Catastophy' as their excuse instead of Covid19. Even with nobody travelling much and working from home we still use a decent amount of oil and gas.
Alberta has pioneered CCS technology. If we can actually make the CO2 we produce into useful products, such as carbon fiber or carbon nano tubes we will be laughing as CO2 would turn into a valuable resource we would no longer have to incentivize it's capture, companies would be able to turn a profit by capturing it.
In my opinion that is really where oil and gas companies need to focus their technology resources on. Find a way to turn a pure CO2 stream into a useful, high demand product. At the moments carbon fiber prices range from $7-$15 per lb. Although those prices have been dropping and may continue to drop..
Sherritt may have a good technology, but I bet oil companies are going to need a few good years to pay down some debt, maybe return some cash to shareholders before they even start thinking about partnering with a company with such a low credit rating, or using any new technology to build a large scale upgrader anytime soon.