Post by
wynner on Nov 04, 2024 10:57pm
Imperial on track.
I may have to put another $500,000 monopoly dollars in to the pot.
"Corson expressed confidence on the underlying economics of the Strathcona renewable diesel project, noting that development of renewable diesel 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 Canada, he added, which provides additional economic support to the project. "