NEWS 39
and extraction project, and Schauerte
says the upgrader application will be
submitted by the year’s end.
Two days after Synenco announced
the agreement with UOP, it released
details on a memorandum of understanding (MOU) with Agrium to sell
certain byproducts of its upgrader to
the fertilizer manufacturer.
Under the MOU, Synenco will provide Agrium with hydrogen, nitrogen,
sulphur, and carbon dioxide at the latter’s Redwater, Alberta, facility.
Schauerte says the agreement “creates
a market where we didn’t have one
before.”
The partnership recognizes the
“economic and operational benefits
from working together, confirming
that industrial cooperation is more
than just a concept in Alberta’s
Industrial Heartland,” says Michael
Supple, executive chairman and chief
executive officer of Synenco.
Agrium will use the hydrogen and
nitrogen from the deal in anhydrous
ammonia production, which Synenco
says will reduce the former’s reliance
on natural gas. The sulphur and carbon dioxide will be used in the production of ammonium sulphate and urea
fertilizers.
“We look forward to the inclusion
of additional industry players in the
vision of a meaningful and economically attractive network for hydrogen, carbon dioxide, nitrogen, sulphur, steam,
electric power, and the processing of
asphaltenes,” says Supple.
Agrium’s Wilson says he is “excited
to capitalize on the unique Alberta oilsands resources,” including obtaining
raw materials for the company’s
Redwater operations in a stable agreement at low cost.
“We believe this project is an excellent example of how we can work
with industry partners to take low-grade, byproduct hydrocarbons and
add value for the environment and
local economy.”
Supple says the MOU “further validates the selection of Sturgeon
County as home of the Northern
Lights upgrader and the viability of the
gasification of asphaltenes to enhance
project return.”
Brendan Procé | SR
Annual
Fall
Conference
CALL FOR
Presenters and Sponsors
The Canadian Heavy Oil Association will be holding its ‘Annual Fall
Conference’ at the Telus Convention Centre on Thursday,
November 9, 2006. If you are interested in making a business or
technical presentation at this year’s conference, please contact Mr.
Tracy Grills (Halliburton Sperry-Sun) at (403) 260-8605.
Sponsorship inquiries can be forwarded to Mr. Dave Donald.
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