Canada approves Total’s C$9bn oils sands project in Alberta

09 December 2011 03:37  [Source: ICIS news]

TORONTO (ICIS)--Canada’s federal government has approved a Canadian dollar (C$) 9bn ($9bn) oil sands project at Joslyn North in the country’s western Alberta province, it said in a statement on Thursday.

The project, which is led by French oil major Total, will produce some 100,000 bbl/day of oil in northern Alberta following start up in 2018.

The project was originally proposed six years ago.

Thursday’s government approval comes at a time when Canada is facing increasing criticism at home and abroad over the environmental damage caused by the rising greenhouse gas emissions from Alberta ’s oil sands sector.

Total is expected to upgrade the oil sands at an upgrader in Alberta which it is building in partnership with Suncor, a Canadian oil sands, refining and petrochemicals firm.

Canada’s chemical industry is looking to olefins-rich gases generated in the upgrading of oil sands as a source of petrochemical feedstocks to expand chemical capacities and build new plants.

($1 = C$1)

For more on Total and other producers visit ICIS company intelligence

By: Stefan Baumgarten
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