RE:RBC Energy Conference - Tidewater notesThanks for sharing, they were just mentioned in another article arguing for more domestic capacity for refining beef fat:
https://www.producer.com/news/beef-fat-exports-reveal-need-for-domestic-renewable-diesel-sector/
The distance from Calgary to Singapore is about 13,170 kilometres, which means a trip from Calgary to Singapore and back to Vancouver would be about 25,000 km.
That’s a lengthy journey.
However, beef fat from slaughter plants in Alberta is being railed to Vancouver and shipped to Singapore, where it’s converted into renewable diesel.
The renewable diesel is then shipped back to Canada, likely at a tidy profit.
Statistics Canada data shows that Singapore exported 85 million litres of renewable diesel to Canada in 2019. The value of the renewable fuel could be anywhere from $100 to 175 million.
The value of the beef fat Canada exported to Singapore?
About $3.2 million, based on Statistics Canada estimates for 2019.