Tag: Partial Upgrading
More Alberta refining, upgrading of heavy crude oil is never going to be economic, but partial upgrading might be
Full upgrading is a bust, new refineries are too risky, and converting existing refineries is constrained by US shale oil supplies Albertans should stop pining for more refining and upgrading of Alberta oil sands bitumen and heavy crude oil, judging by the conclusions of a new study from IHS MarkIt. The economics simply don’t work. […]
‘The era of oil is not yet over’ says IEA, but is it time for a new Alberta oil strategy?
Partially upgrading every barrel of oil sands bitumen could make Alberta much more competitive in US markets Oil’s not going anywhere in a hurry, according to the International Energy Agency in its new World Energy Outlook. Not even widespread adoption of electric vehicles puts a dent in oil consumption before 2040. But the big news […]
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