Today diesel dayBig oil up to bat.
Under Construction/Expansion
Imperial Oil & ExxonMobile-Strathcona Refinery
In November, Imperial Oil confirmed that its renewable diesel project under construction at the company’s Strathcona refinery near Edmonton, Alberta, continues to progress on schedule with startup expected during the first half of 2025. During a third quarter earnings call, Imperial Oil President and CEO Brad Corson said he is pleased with the construction progress on the renewable diesel unit at Strathcona. Corson noted that the company added feedstock coprocessing capabilities during the third quarter. He also expressed confidence regarding the underlying economics of the Strathcona renewable diesel project, noting that development of production capacity at an existing refinery allows Imperial to lower capital costs by leveraging existing utilities, rail infrastructure, staff and other elements. The facility will leverage locally produced feedstock oils, reducing feedstock transportation costs, and utilize technology provided by ExxonMobile that will allow it to produce a drop-in diesel product that is effective over a range of temperature conditions. Regulatory considerations are also much different in the U.S. than in Canada, he added, which provides additional economic support to the project.