The partnership will also consider medium and long-term opportunities that support the decarbonization of local industry through the production and delivery of low-emission hydrogen along with a carbon capture and sequestration (CCS) network.
The scope, time limits and cost estimates of the joint initiatives will be determined by feasibility studies and outstanding regulatory procedures. (Source: TC Energy, Irving Oil, Zacks, 18 Aug., 2021) Contact: TC Energy, 403-920-2000, www.tcenergy.com; Irving Oil, www.irvingoil.com/en-CA/discover-irving/contact-us
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In 2017, the 320,000 bpd Irving family owned refinery in St. John emitted just over 3 million metric tons of carbon dioxide equivalent (CO2e), according to Environment Canada. In effect, the company is no longer targeting an outright reduction in carbon emissions but is maintaining the status quo as dictated by the top 25 pct of rival refineries in Canada through 2025.
Founded in 1924, privately held Irving Oil operates Canada's largest refinery in Saint John, New Brunswick, more than 900 fueling locations and a network of distribution terminals spanning Eastern Canada and New England. It also operates Ireland's only refinery, located in the village of Whitegate, according to Wikepedia. (Source: Irving Oil, Reuters, Chronicle Herald, 20 Dec., 2019) Contact: Irving Oil,
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