New technology in Cold Lake helps Imperial Oil reduce emissions

Imperial Oil’s Grand Rapids oil sands project near Cold Lake has taken a significant step towards reducing its environmental impact. The company has introduced a new technology that is expected to decrease greenhouse gas emissions by 40 per cent.

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

Brad Corson, the chairman, president, and CEO of Imperial Oil, commended the teams involved in the successful implementation of this innovative technology. He stated that 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, demonstrating their commitment to sustainability. The company anticipates a 30 per cent reduction in greenhouse gas emissions intensity compared to 2016 levels through the implementation of SA-SAGD, facility efficiency improvements, and carbon capture and storage.

Imperial Oil’s dedication to innovation and sustainability is evident in their continuous efforts to minimize environmental impact while maximizing production. The company’s forward-thinking approach and commitment to reducing emissions set a positive example for the industry as a whole.