Exxon Mobil Affiliate Imperial Oil to Produce Renewable Diesel at New Complex in Canada

By Michael Dabaie

Exxon Mobil Corp. said its majority-owned affiliate Imperial Oil Ltd. is advancing plans to produce renewable diesel at a new complex at its Strathcona refinery in Edmonton, Canada.

When construction is complete, Exxon expects the refinery to produce about 20,000 barrels a day of renewable diesel. The company said that could reduce emissions in the Canadian transportation sector by about 3 million metric tons a year.

The facility will use locally grown plant-based feedstock and hydrogen with carbon capture and storage as part of the manufacturing process, Exxon said. The renewable diesel production process will utilize blue hydrogen, which is produced from natural gas with carbon capture and storage.

A final investment decision will be based on several factors, including government support and approvals, market conditions and economic competitiveness. Imperial will lead the project, the company said. The Strathcona renewable diesel project is part of Exxon's plans to provide more than 40,000 barrels a day of low-emissions fuels by 2025.

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(END) Dow Jones Newswires

August 25, 2021 08:32 ET (12:32 GMT)

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