VANCOUVER, BC, April 30,
2024 /CNW/ - The project looks to integrate carbon
recapture with a focus to recapture upwards of 90% of carbon
production further reducing the environmental footprint.
Located on the edge of the Bakken Oil Formation and with access
to a vibrant oil and gas supply chain, this location is ideal to
add value to one of Canada's
greatest natural resources.
This project will create an industry-leading Clean Fuels
Refinery (CFR) that generates high quality products, minimizes
carbon emissions, and services local and regional needs. Using the
latest state-of-the-art technology and refining process, the plant
will significantly reduce the impact on our environment.
ELE's strategy is to help advance Saskatchewan's oil and gas sector by working
with local businesses, workforce, and communities to generate
long-term sustainable economic benefits in the region.
The planned CFR will produce predominantly ultra-low sulfur
diesel, gasoline, and jet fuel. The CFR will produce 30,000 barrels
per stream day (bpsd). The modular design can be expanded to
increase capacity up to 85,000 bpsd to further service regional
demand. The refinery size is uniquely designed for construction
efficiency and to produce local supply for local demand in a
cost-effective and sustainable way.
The company is dedicated to embracing solar power as a key
component of our commitment to a sustainable and clean energy
future. By harnessing the sun's abundant and renewable energy, we
can provide our customers with an eco-friendly and cost-effective
alternative to traditional energy solutions, empowering businesses
and entities to take control of their energy consumption while
significantly reducing their carbon footprint.
To meet these needs, a 125MW solar facility is an integral part
of the CFR. A small portion of the production will be utilized by
the refinery operations, with the bulk supporting the power grid
and local industry demands in the region.
ELE's forward-looking approach doesn't stop at conventional
energy sources. The company is actively exploring the possibilities
of carbon capture and utilization technologies, positioning
ourselves and the Province of Saskatchewan at the forefront of this emerging
field. By investing in this technology, ELE's aim to revolutionize
the energy landscape and redefine what it means to be a responsible
energy provided in the 21st century.
The Company approach is rooted in innovation, technical
excellence, and a relentless pursuit of efficiency. By employing
cutting-edge technology and fostering a culture of continuous
learning, ELE strives to push the boundaries of what is
possible in the energy sector.
The Company strategy is to help advance Saskatchewan's oil and gas sector by working
with First Nations, as well as local businesses, workforces,
and communities, to generate long-term sustainable economic
benefits in the region.
DISCLAIMER: Some of the statements in this press release may be
forward-looking statements or statements of future expectations
based on currently available information. Such statements are
naturally subject to risks and uncertainties. Factors such as the
development of general economic conditions, future market
conditions, unusual catastrophic loss events, changes in the
capital markets and other circumstances may cause the actual events
or results to be materially different from those anticipated by
such statements. Eaglesledge Energy Ltd. does not make any
representation or warranty, express or implied, as to the accuracy,
completeness, or updated status of such statements. Therefore, in
no case whatsoever will Eaglesledge Energy Ltd. or its affiliated
companies be liable to anyone for any decision made or action taken
in conjunction with the information and/or statements in this press
release or for any related damages.
SOURCE Eaglesledge Energy Ltd