Media Advisory - New upgrading technology in Alberta oil sands could yield billions in revenue. But what's the catch? New School of Public Policy Report
CALGARY, Jan. 4, 2017 /CNW/ - In 2015, almost 60 per cent of Alberta oil sands production was non-upgraded bitumen. It is costly to transport and even more difficult and costly to process into refined petroleum products compared to lighter types of crude oil. The market for synthetic crude oil (SCO) produced by full upgrading is only getting tougher.
One of the four recommendations from Alberta's 2015 royalty review panel was for the government of Alberta to examine opportunities to accelerate the development and commercialization of partial-upgrading technologies. Why? To add value and keep jobs in Alberta. But, full upgraders have proved uneconomical without substantial public subsidies. Is there another viable option?
On Thursday, January 5th, media are invited to The School of Public Policy to join co-authors Jennifer Winter and Kent Fellows as they release a vital report that shows whether partial upgrading is a viable option for the oil sands, whether additional effort and resources should be expended to develop its commercial viability and what it could mean for Alberta's economy.
| WHAT: |
Media conference to release report on, "Public-Interest Benefit Evaluation of Partial- Upgrading Technology" |
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| WHEN: |
Thursday, January 5th, 2017, 11:00 a.m. mountain |
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| WHERE: |
Downtown Campus, Nexen room, 5th floor, 906 -8th Ave. S.W., Calgary, AB |
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SOURCE The School of Public Policy - University of Calgary
Media Contact: Morten Paulsen, [email protected], 403.220.2540
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