New technology in Cold Lake helps Imperial Oil reduce emissions

Imperial Oil’s Grand Rapids oil sands project in Northern Alberta is making strides in reducing greenhouse gas emissions with the implementation of new technology. The project expects to achieve a 40 per cent reduction in emissions, thanks to the innovative approach being taken.

Lisa Schmidt, a representative from Imperial Oil, highlighted the company’s commitment to reducing emissions intensity at their operations, particularly in Cold Lake. The new technology being utilized involves a method called solvent-assisted, steam-assisted gravity drainage (SA-SAGD), which aims to reduce the amount of steam used in the extraction process.

Brad Corson, chairman, president, and CEO of Imperial Oil, expressed his pride in the teams that have successfully brought this project to fruition ahead of schedule. The company is working towards transitioning 40 per cent of production to lower emission technology by 2030.

Imperial Oil’s efforts align with Canada’s net zero goals, showcasing their dedication to sustainability and environmental responsibility. The company’s forward-looking statements serve as goals to strive towards, with a focus on innovation and continuous improvement.

As production continues to ramp up, Imperial Oil anticipates reaching full rates of 15,000 gross barrels per day later this year. The company’s commitment to reducing greenhouse gas emissions and embracing new technology sets a positive example for the industry and demonstrates the potential for meaningful change in the fight against climate change.