Daily Oil Bulletin
Tue Jun 10 2014
With a looming June 17 deadline for a federal government decision on Enbridge Inc.’s proposed Northern Gateway pipeline, a Vancouver-based company is proposing to build and operate what it describes as “the world’s greenest refinery” on British Columbia’s North Coast.
Pacific Future Energy Corporation said today a pre-feasibility study is already underway for the proposed $10 billion project that would process Alberta bitumen into products such as diesel fuel and other distillate products for export, based on market supply and demand.
“While we believe it’s in Canada’s national strategic interest to gain access to international markets for Alberta’s oil, especially the fast growing Asian market, the company believes it shouldn’t be done at the sacrifice of B.C.’s coast or broader environment and must be done in full partnership with First Nations,” the company said in a news release.
“We believe this is an incredibly unique opportunity to build the greenest refinery in the world and there’s no better place than B.C.,” said Samer Salameh, executive chairman of Pacific Future Energy. “Our pre-feasibility study has begun, which will analyze the economic, social and environmental aspects of the refinery and help to determine the prospective site and [we] expect to launch our feasibility and regulatory process in the next nine-12 months,” he said.
“By shipping refined products, we will eliminate the threat of a heavy oil spill. By building a refinery, based on NZNC (near zero net carbon) emissions standards, we will reduce the emissions that contribute to global climate change.”
The proposed refinery is the second proposed for the B.C. North Coast.
B.C. newspaper publisher David Black has proposed to build a 550,000 bbl-per-day refinery at Kitimat. He has been seeking a federal loan guarantee for the $26 billion project that would be Canada’s largest refinery (DOB, Oct. 17, 2013).
The Pacific Future refinery is being designed to be built in modules of 200,000 bbls per day, which is the size of the initial phase. When all of the project modules are complete, the facility will process up to one million bbls per day of bitumen.
Pacific Future said it has identified three potential locations in the Prince Rupert area for the proposed refinery. The final decision on the site would be determined in collaboration with local First Nations. The first priority, it said, would be considering which site will best minimize the environmental effects of the development with market conditions of the site the second priority.
“From the very beginning, and every step of the way, our partnership with First Nations will ensure that we all benefit from traditional and ecological knowledge, while respecting their rights to full consultation and accommodation “” all with the goal of shared prosperity and health for future generations,” Jeffrey Copenace, vice-president, indigenous partnership, said in a news release. Copenace served as deputy chief of staff to Shawn A-in-Chut Atleo, former national chief, and was an advisor to a former Canadian prime minister (Paul Martin).
The company says on its website that it plans to use a combination of natural gas and renewable sources to reduce refinery emissions by 40 per cent. Capturing all remaining carbon would provide for a further 52 per cent reduction in emissions. To get to “zero emissions,” the remaining energy used to power the refinery should be from biogas from agricultural and other natural products, it says.
Pacific Future Energy says its refinery in B.C. will create thousands of long-term jobs and economic stability at home by expanding Canada’s oil market access. “All of Canada’s oil should not have to be shipped to a foreign country to refine into value-added products,” it says. “Canadians should be able to do at least some of this here, in Canada, to the highest standards in the world, while protecting our coast from a catastrophic spill.”
“The combination of our strong management team, economically sound and environmentally superior refinery and access to international markets has made this very appealing to investors in the initial stage,” added Salameh.
The management team includes members from the venture capital, corporate and government sectors.
Salameh manages the telecom practice and new business development at Grupo Salinas, a multibillion-dollar conglomerate operating in the Americas. Most recently, he led the deployment of one of the largest greenfield fibre optics infrastructure projects in the world for the company.
Chief executive officer is lawyer Robert Delamar, an experienced technology executive and early-stage start-up specialist who has co-founded and/or held executive management positions with technology ventures based or operating in Silicon Valley, New York, Washington, Mexico City, Beijing and Toyko. Most recently, he was a co-founder and senior executive at Totalmovie and UUX.
Jamie Carroll, a former executive director of the Liberal Party of Canada, is executive vice-president, government and regulatory affairs. He has provided strategic guidance to Shell Canada, Suncor Energy Inc., Imperial Oil Limited/Exxon Mobil Corporation, TransCanada Pipelines and the Aboriginal Pipeline Group.
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