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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (53380)	1/18/2019 8:30:18 AM
From: Goose94	Read Replies (1) of 203353

Canadian National Railway (CNR-T) plans to turn Alberta bitumen into solid pucks could save the province's oil producers $15 (U.S.) per barrel and use up the plastic that now ends up in provincial landfills. Canadian National Railway and Wapahki Energy, a company owned by the Heart Lake First Nation in Alberta, hope to break ground on a $50-million facility to turn 10,000 barrels of bitumen per day into CanaPux, a solid brick-like creation of CNR that is easier to move on railway cars than oil and can be exported from the West Coast using existing coal ports. Speaking Thursday at the Indigenous Energy Summit on the Tsuu T'ina Nation reserve at the edge of Calgary, representatives from CNR and Wapahki said they would each invest $16.7-million into the pilot project that would take two years to build. They are currently in talks to bring on an additional partner for the remaining cost of the project. RCN began developing CanaPux three years ago by blending bitumen with a small amount of plastic to make pucks, which can float in water given the lightness of the plastic. The pucks can be loaded onto railway hopper cars, rather than tank cars.

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