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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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Post by Obscure1on Sep 28, 2021 11:47am
145 Views
Post# 33930697

ENB diving deeper into RNG (Renewable Natural Gas)

ENB diving deeper into RNG (Renewable Natural Gas)

ENB continues to be a North American front runner when it comes to the energy transition.

I can see a fit between ENB and SU as well as the other tarsand producers when the producers get a better grip on CCUS. 

It makes a whole lot more sense to me to capture and Utilize the carbon produced during production than to attempt to replace the efficiency of hydrocarbons with the inefficiency of wind and solar etc. 

Sept 28 (Reuters) - Enbridge Inc said on Tuesday it had signed low carbon infrastructure partnerships with Royal Dutch Shell and Vanguard Renewables, as the Canadian pipeline operator pushes ahead with its emission reduction goals.

The company will purchase two billion cubic feet (bcf) of renewable natural gas (RNG) annually from Vanguard Renewables, while it will collaborate with Shell on potential green and blue hydrogen production.

The company said on Tuesday it would buy RNG from the anaerobic digesters that Vanguard will invest $200 million to build in the U.S. Northeast, Southeast, and Midwest

Enbridge will also will invest about $100 million in RNG upgrading equipment to convert the farm-derived gas into pipeline quality renewable natural gas and provide services to market it to U.S. customers.

Carbon-negative RNG is produced when carbon emissions are captured from dairies and turned into a transportation fuel, reducing the harmful effects of long-term climate change.

Blue hydrogen, where carbon emissions from its production are not released into the atmosphere, and green hydrogen, which is made with renewable power, are attracting huge interest as a clean alternative to natural gas that can be used for heating homes, heavy industry and transportation
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