Canada: Parkland to build the region’s largest renewable diesel complex
The company announced an initiative for both the expansion of existing co-processing volumes of the fuel and the construction of a stand-alone renewable diesel complex within its Burnaby Refinery.
Parkland announced plans to increase renewable fuel production at its Burnaby Refinery in British Columbia. The company aims to advance its commercial decarbonization strategy while providing customers with a portfolio of low carbon products and services to help them meet their low carbon goals.
The announced plans include the ambition to expand on its existing co-processing volumes to approximately 5,500 barrels per day, and the construction of a stand-alone renewable diesel complex, within the Burnaby Refinery capable of producing approximately 6,500 barrels per day of renewable diesel. The announcement follows collaboration with the Government of British Columbia and supports the Government’s ambition to achieve net-zero emissions by 2050.
“This announcement advances our decarbonization 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,” said Bob Espey, President & Chief Executive Officer of Parkland.
Renewable fuels produced through these plans will have one eighth of the carbon intensity of conventional fuels. They will reduce related greenhouse gas emissions by approximately 2 megatonnes per year. In addition, Parkland is designing the stand-alone renewable diesel complex to ensure it does not increase emissions from the Burnaby Refinery. The projects are estimated to require an investment of nearly $600 million.
