Imperial, Canada’s largest petroleum refiner, has plans to invest some C$720 million ($560 million) to construct the largest renewable diesel facility in the country.
The renewable diesel facility, located at Imperial’s Strathcona refinery near Edmonton, will use low-carbon hydrogen produced with carbon-capture and -storage technology to help Canada meet low emission fuel standards. It is expected to produce more than 1 billion liters of renewable diesel annually, primarily from locally sourced feedstocks, and could help reduce greenhouse-gas emissions in the Canadian transportation sector by about 3 million metric tons per year.
“Imperial supports Canada’s vision for a lower-emission future, and we are making strategic investments to reduce greenhouse-gas emissions from our own operations and to help customers in vital sectors of the economy reduce their emissions,” said Brad Corson, chairman, president and CEO at Imperial.
Imperial has entered into a