Connect with us
[bsa_pro_ad_space id=12]

Alberta

Province teaming up with Calgary company for a $2 Billion dollar upgrading facility near Edmonton

Published

on

If you like this, share it!




  • From the Province of Alberta

    Made-in-Alberta plan moves $2-billion investment forward

    Premier Rachel Notley’s Made-in-Alberta energy strategy is taking a major step forward in diversifying the economy, creating new jobs and adding more value to our resources.

    Calgary-based Value Creation Inc. (VCI) and its wholly owned subsidiary Value Chain Solutions Inc. are on track to invest $2 billion in an upgrading facility in the Alberta Industrial Heartland, just east of Edmonton, which will create more than 2,000 construction jobs and another 200 full-time positions once the facility is up and running.

    This is just the first of several new projects made possible through the Made-in-Alberta strategy to do more upgrading and refining of the province’s oil and gas resources here at home.

    “We’re taking the bull by the horns and fighting to get full value for our oil. Albertans have been talking about this for decades, and we’re not content to sit on the sidelines and let good jobs and investment pass Alberta by for places like Louisiana. That has happened for too long and it has got to stop. We’re making sure the next generation of Albertans have the opportunities they deserve in a stronger, more resilient, more diversified province.”

    Rachel Notley, Premier

    VCI’s leading-edge facility will upgrade diluted oil sands bitumen into a higher-value crude blend that can flow easier through pipelines. This provides significant cost savings to industry because it would reduce the need for diluent, while increasing pipeline capacity by up to 30 per cent, and providing access to more refineries around the world that cannot currently accept Alberta’s oil sands bitumen.

    The partial upgrading technology is expected to reduce greenhouse gas (GHG) emissions by 16 per cent per barrel compared to current processes used to extract bitumen.

    “We here at Value Creation Inc. and Value Chain Solutions Inc. look forward to building upon Premier Rachel Notley’s vision of diversifying our energy markets and maximizing the value of the resources owned by Albertans. Our project is going to create good, long-term jobs with game-changing technology for low-cost upgrading and strong environmental performance.”

    Columba Yeung, chairman and CEO, Value Creation Inc. and Value Chain Solutions Inc.

    Through a letter of intent, the province has agreed to support the project through a $440-million loan guarantee, subject to reaching a final agreement. In all, Alberta is providing more than $3 billion in support for crude oil and bitumen partial upgrading and petrochemical upgrading, which turns Alberta natural gas into higher-value products like plastics.

    “This government’s Made-in-Alberta upgrading program is a crucial element to ensuring these value-add investments happen in Alberta. Alberta’s Industrial Heartland is a key economic driver of the province’s economy, with potential for $30 billion in new investment by 2030. Upgrading more of our resources here at home means more jobs and more investment in our local communities, with new value chains that will help diversify our economy for generations to come.”

    Mark Plamondon, executive director, Alberta’s Industrial Heartland Association

    Construction of the Strathcona County-based project is already underway, with some foundational infrastructure in place and design work nearly completed. The plant is expected to be operational in 2022. Once completed, this would be the first commercial-scale partial upgrader in the world using this new technology, which VCI has been developing over several years.

    VCI’s facility is just the first of others to be announced under Premier Notley’s Made-in-Alberta strategy, which is focused on creating jobs, adding value to our energy resources and exporting our products to new markets. This plan is at the heart of diversifying Alberta’s energy sector and making sure we get full value for the resources owned by all Albertans.

    VCI project background

    • The first phase of the Value Chain Solutions – Heartland Complex (VCS-H) will use 77,500 barrels-per-day (bpd) of diluted bitumen to produce a medium synthetic crude oil and an ultra low sulfur diesel, which is a cleaner-burning transportation fuel used here at home and around the world.
    • Founded in 1999 and based in Calgary, Value Creation Inc. has nearly 1,200 square kilometres of oil sands land holdings in Alberta.
    • The company has developed a plan to engage with Indigenous communities across the region for employment, contracting and long-term alliance opportunities.
    • VCI’s technology is expected to help reduce GHG emissions by up to 16 per cent compared to current processes. This is the equivalent to cutting 620,000 tonnes of harmful emissions per year, or removing 135,000 cars from the road.
    • The project is expected to generate roughly $2.5 billion in revenue to the province over the 30-year life of the project.
    • Strathcona County is expected to receive about $280 million in municipal tax revenue over the life of the project.

    Made-in-Alberta energy strategy

    Partial upgrading of bitumen

    • $1 billion in grants and loan guarantees to encourage companies to build bitumen upgrading facilities to:
      • increase the value of our energy resources before shipping
      • allow more volume to be shipped through pipelines
    • Partial upgrading reduces the thickness of oil sands bitumen so it can flow through pipelines more easily, without having to be blended with diluent, or as much diluent, a thinning agent. Benefits include:
      • higher prices for our resources
      • more access to international markets
      • cost savings on diluent for industry
      • fewer emissions by removing high carbon content
    • Partial upgrading is cheaper to do than full upgrading because it requires less processing.
    • In 2016, oil sands companies in Alberta purchased $13.3 billion worth of diluent, much of it imported.
    • Bitumen that goes to market without upgrading or refining has historically been sold at lower prices compared to other crude oils.
      • Partial upgrading could help reduce this discount by improving the quality of the product and increasing the number of refineries capable of processing it.

    Petrochemical upgrading

    • Total support will now reach $2.1 billion to unlock about $20 billion in private-sector investment.
    • This would help create as many as 15,500 jobs during construction of multiple petrochemical facilities across the province.
    • Inter Pipeline’s Heartland Petrochemical Complex is already under construction as a result of this program:
      • $3.5 billion private investment
      • 2,300 construction jobs, 180 operational jobs
      • The complex processes propane into plastic pellets called polypropylene, which is used around the world making kids’ toys, electronics and automotive parts.


    If you like this, share it!

    Alberta

    Advanced polls are open and voting is underway!

    Published

    on

    If you like this, share it!




  • From the Government of Alberta

    Alberta’s Chief Electoral Officer, Glen Resler, confirms that advance polls are now open.  Advance poll locations are available throughout the province from Tuesday, April 9 to Saturday, April 13.

    Advance poll locations are available to all eligible electors and for the first time are providing a ‘Vote Anywhere’ service, whereby electors can receive the ballot for their electoral divisions, at any location.

    Information about the locations and their hours of operations can be found on Where to Vote cards mailed to electors, in local newspapers and on www.elections.ab.ca.

    Eligible electors are Canadian citizens who reside in Alberta and are at least 18 years of age or older on Election Day.

    To be added to the list of electors, an elector may register at an advance poll or on Election Day by providing authorized identification containing their name and residential address.  A list of authorized identification is on our website: https://www.elections.ab.ca/wp-content/uploads/Authorized-Identification-Poster.pdf

    The ‘Vote Anywhere’ service is only available at the advance polls.  Electors voting on Election Day, must vote at their assigned voting location.  Election Day is Tuesday, April 16, 2019.

    For more information about the provincial general election visit www.elections.ab.ca, call toll free at 1-877-422-VOTE (8683) open weekdays from 8:15 am to 8:00 pm and weekends from 10:00 am to 4:00 pm, and on voting days from 8:15 am to 8:00 pm, join us on Facebook or follow us on Twitter.

    Elections Alberta is an independent non-partisan office of the Legislative Assembly responsible for administering provincial elections, by-elections and referenda.


    If you like this, share it!
    Continue Reading

    Alberta

    RCMP officer shoots man near Eckville. ASIRT investigating

    Published

    on

    If you like this, share it!




  • From Alberta Serious Incident Response Team (ASIRT)

    Investigation continues into RCMP officer-involved shooting

    On April 6, 2019, at approximately 8:15 a.m., RCMP were advised of an Eckville, Alberta location where stolen oilfield property might be found.

    An RCMP officer responded to the reported location at the rear of a strip of businesses on the north side of Eckville.

    The officer found four vehicles at the location. As the officer was checking the vehicles, he located a man who appeared to be sleeping in a Ford F250 truck and made cursory observations of the interior of the vehicle. The officer returned to his police vehicle and checked the licence plate number, which came back registered to a different vehicle. The officer requested assistance to his location, placed a spike belt and returned to his police vehicle to await assistance.

    While the officer was waiting for assistance, a confrontation occurred that resulted in the officer discharging his service pistol.

    The man sustained a single gunshot wound that resulted in serious, but not life-threatening injuries. He was treated on scene by EMS, transported to hospital and admitted. He remains in hospital.

    The Ford F250 was determined to have been stolen approximately 5 days earlier from Saskatoon and the licence plate was also determined to have been stolen.

    With the investigation underway, ASIRT will not make any further comment until the matter is concluded.


    If you like this, share it!
    Continue Reading

    april, 2019

    fri8mar - 30aprmar 85:30 pmapr 30Real Estate Dinner Theatre(march 8) 5:30 pm - (april 30) 10:00 pm

    tue23apr5:30 pm- 7:00 pmLiving Life to the FullCanadian Mental Health Association5:30 pm - 7:00 pm

    thu25apr8:30 am- 4:30 pmApplied Suicide Intervention Skills Training (ASIST)Canadian Mental Health Association8:30 am - 4:30 pm

    fri26apr8:30 am- 4:30 pmApplied Suicide Intervention Skills Training (ASIST)Canadian Mental Health Association8:30 am - 4:30 pm

    sat27apr1:00 pm- 4:00 pmMAGSaturday @ the MuseumMAGnificent Saturdays welcomes all ages and abilities to participate in a fun art project every week! 1:00 pm - 4:00 pm

    mon29apr1:30 pm- 4:00 pmWellness Recovery Action PlanningCanadian Mental Health Association1:30 pm - 4:00 pm

    tue30apr5:30 pm- 7:00 pmLiving Life to the FullCanadian Mental Health Association5:30 pm - 7:00 pm

    Trending

    X