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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (52446)	12/27/2018 7:51:57 AM
From: Goose94	Read Replies (2) of 203353

Canadian National Railway (CNR-T) aims to be sending pellets of solidified oil sands bitumen to overseas markets within three years. CNR hopes the soap-bar-sized pellets will help alleviate some of the transportation bottleneck in Alberta and move the oil to more lucrative markets in Asia. CNR said it has signed a memorandum of understanding with an unnamed Asian partner to build a full-scale production facility converting 50,000 barrels a day into pellets, which are formed by mixing and sealing bitumen balls with polymer, a plastic made from recycled grocery bags. The pellets are robust enough to be handled like pieces of coal, put through a conveyor system and dumped into the hold of a bulk carrier. They are designed to float, alleviating concerns of a tanker spill. The polymer is extracted and recycled at the destination through a shredding and heating process. James Cairns, vice-president of petroleum and chemicals at CNR, said the railway plans to have a smaller pilot project converting 10,000 barrels a day to pellets in 2019, either in Edmonton or at an oil sands production site near Fort McMurray, Alta.

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