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Calgary-headquartered Parkland Corporation has announced plans to increase renewable fuel production at its Burnaby Refinery in British Columbia.

Announced yesterday (9 May), the plans include expanding its existing co-processing volumes to approximately 5,500 barrels per day, and building a stand-alone renewable diesel complex within the Burnaby Refinery capable of producing approximately 6,500 barrels per day of renewable diesel.

Parkland said the renewable fuels produced through the plans will have one eighth of the carbon intensity of conventional fuels, and will reduce related greenhouse gas emissions by approximately 2 megatonnes per year.

In addition, Parkland said it is designing the stand-alone renewable diesel complex to ensure it does not increase emissions from the Burnaby Refinery.

The announcement follows collaboration with the Government of British Columbia.

The projects are estimated to require an investment of approximately $600 million, with the majority of capital investment expected to be deployed in 2024 and 2025. Parkland has received BC Government support for over 40% of the project costs in the form of BC Low-Carbon Fuel Standard Compliance Credits.

‘I applaud the Government of British Columbia for their vision and support of these innovative projects,’ said Bob Espey, President & Chief Executive Officer. ‘This announcement advances our decarbonisation strategy and our commitment to provide customers with low carbon choices which help them meet their environmental goals. Renewable fuels play a critical role in Canada’s climate ambitions by enabling customers to reduce their carbon footprint using their existing vehicle.’

Bruce Ralston, Minister of Energy, Mines and Low Carbon Innovation, added: ‘Parkland's plans to increase our province’s renewable fuel capabilities support our Clean BC targets. This is a big step forward in our transition to a lower-carbon economy. Harnessing Parkland’s technical expertise and infrastructure to lower the environmental impact of our transportation is something we can be proud of. When combined with BC’s other sources of renewable power and efforts to electrify the passenger vehicle fleet, we continue to set the bar for Canada.’

Following stakeholder consultation, Parkland said it aims to make a final investment decision in the second half of 2023, with production expected to commence in 2026. 

As previously reported, last month Parkland launched a marine fuel division, Parkland Marine, which brings together its Tropic business in Florida and its Sol operation which extends across the Caribbean, Central and South America.

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