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Suncor Energy Inc. (French: Suncor Énergie) is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands . In the 2020 Forbes Global 2000 , Suncor Energy was ranked as the 48th-largest public company in the world.
Suncor is aggressively pursuing climate change goals and Net Zero by 2050. [11] The go-forward plan for the Montreal Refinery has year to be published for the public as of 2024. There is controversy around Suncor's future plant for GhG emissions reductions including the Montreal Refinery.
It closed in 2005, with Petro-Canada (now Suncor Energy) getting supplies for the Ontario market from its Montreal Refinery. The facility once employed 350 people and produced some 90,000 barrels per day (14,000 m 3 /d). Petro-Canada ascribed the decision to close the facility to new rules requiring lower sulphur content in gasoline, that would ...
Syncrude Canada Ltd. is one of the world's largest producers of synthetic crude oil from oil sands and the largest single source producer in Canada.It is located just outside Fort McMurray in the Athabasca Oil Sands, and has a nameplate capacity of 350,000 barrels per day (56,000 m 3 /d) of oil, equivalent to about 13% of Canada's consumption. [1]
Suncor (SU) will increase its interest in the Terra Nova offshore oil project to 48% from about 38%. It also agrees to increase its ownership stake in the White Rose oilfield asset.
This refinery is actually in stand-by but the plant hasn't been destroyed. It made some petrochemical product essentially and some products for the Montreal oil industries. Petromont is owned by Dow Chemical and the Société générale de financement du Québec. Its Total Industrial Refining Capacity is 58 000 bpd.
By 2013, Suncor and CNRL—Canada's two largest petroleum companies were also among top eleven of the country's most valuable companies. [13] In 2011, Canadian Natural Resources, overtook Suncor to become Canada's largest producer. Suncor produced 549,000 boe/d in 2012 only slightly higher than in 2011. [14]
The company agreed to buy the plant within a period of ten years for the original investment of $250,000. The cost of the plant was $750,000, however. A legal claim against Oil Sands Limited resulted in the province taking possession of the plant and property at Bitumount. The plant consisted of a separation unit, a dehydrating unit and a refinery.