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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

Comment by autofocus111on Jul 10, 2023 12:23pm
116 Views
Post# 35533707

RE:RE:RE:Fact and Fiction - Where is the world Going?

RE:RE:RE:Fact and Fiction - Where is the world Going?mrmomo It's a pity that the government dorpped the ball with Candu development at AECL. It was a good performing and reliable technology and had customers. SNC took the business over, but does not have the deep pockets needed to develop and market new versions. They contnue to make a go of it though... they are the prime contractor for the ongoing refurbishments of the Bruce Power reactors. It would be nice if they were awarded the contemplated expansion at Bruce facilties. I much prefer to see such technology expertise maintained and supported in the country. BBD developed the clean sheet CSeries planes at great expense and effort and at the very end due to lack of government support and an attack by BA the technology was given away to EADSY.. Anyway now the push is on for SMRs, but China will likely be the first to build a working reactor. I am wary of government looking to this new technology when there is proven conventional large reactors out there... sounds like a fresh financial boondoogle in the making in the west.


>>>By the early 2000s, sales prospects for the original CANDU designs were dwindling due to the introduction of newer designs from other companies. AECL responded by cancelling CANDU 9 development and moving to the Advanced CANDU reactor (ACR) design. ACR failed to find any buyers; its last potential sale was for an expansion at Darlington, but this was cancelled in 2009. In October 2011, the Canadian Federal Government licensed the CANDU design to Candu Energy (a wholly owned subsidiary of SNC-Lavalin), which also acquired the former reactor development and marketing division of AECL at that time. Candu Energy offers support services for existing sites and is completing formerly stalled installations in Romania and Argentina through a partnership with China National Nuclear Corporation. SNC Lavalin, the successor to AECL, is pursuing new CANDU 6 reactor sales in Argentina (Atucha 3), as well as China and Britain. Sales effort for the ACR reactor has ended. In 2017, a consultation with industry led Natural Resources Canada to establish a "SMR Roadmap"[2] targeting the development of small modular reactors. In response, SNC-Lavalin has developed a 300 MWe SMR version of the CANDU, the CANDU SMR, which it has begun to highlight on its website.[3] In 2020, the CANDU SMR was not selected for further design work for a Canadian demonstration project. SNC-Lavalin is still looking at marketing a 300 MW SMR in part due to projected demand due to climate change mitigation.[4]

https://en.wikipedia.org/wiki/CANDU_reactor

>>>Chinese SMR project enters installation phase 05 December 2022 Equipment installation work has commenced at the ACP100 small modular reactor (SMR) demonstration project at the Changjiang nuclear power plant on China's island province of Hainan....Under development since 2010, the ACP100 integrated PWR's preliminary design was completed in 2014. The major components of its primary coolant circuit are installed within the reactor pressure vessel. In 2016, the design became the first SMR to pass a safety review by the International Atomic Energy Agency.
 
https://world-nuclear-news.org/Articles/Chinese-SMR-project-enters-installation-phase
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