Friday, 04 January 2019 14:11

CN serious about Canapux

542 canapux

Canadian National Railway Co. says it is planning to build a pilot plant worth up to $50 million next year to create pucks made of oilsands bitumen to transport by rail and ships to customers around the world. The railway is in discussions with the federal and Alberta governments, along with potential oilsands industry partners and the Heart Lake First Nation of northern Alberta, to fund the 10,000-barrel-per-day pilot plant. If the pilot succeeds, CN would build a commercial-sized plant with capacity to convert up to 50,000 barrels per day of heavy crude. The company has signed a memorandum of understanding with an unnamed Asian customer who is interested in importing the pucks to his country and separating the oil and polymer for processing and sale.

Read 721 times Last modified on Friday, 04 January 2019 17:05
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