ConocoPhillips Announces Delayed Coking License Agreement With Canada’s Suncor Energy Inc.

abarrelfullabarrelfull wrote on 11 May 2012 08:27

September 29, 2005

ConocoPhillips [NYSE:COP] today announced a license agreement with Suncor Energy Inc. for a large, grassroots delayed coking unit that is planned to be installed at its Fort McMurray Oil Sands Upgrader Facility in northern Alberta, Canada. The terms of the agreement were not disclosed.

Construction of the new coking unit is part of Suncor’s Voyageur growth strategy, a large, multi-phased plan designed to increase the company’s current oil sands upgrader production capacity of approximately 225,000 barrels per day (BPD) to between 500,000 to 550,000 BPD in 2010 to 2012. Portions of the Suncor Voyageur strategy remain subject to its Board of Directors and regulatory approval.

The new coking unit will utilize ConocoPhillips' proprietary ThruPlus® Delayed Coking Technology to maximize the production of liquid products derived from Suncor's Athabasca Bitumen. Suncor recovers bitumen from oil sand and upgrades it to refinery-ready feedstock and diesel fuel. It will be the third coker at the Fort McMurray upgrading facility to use ConocoPhillips’ ThruPlus Coking Process. Further, the new coking unit will utilize some of the world’s largest coke drums.

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