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ExxonMobil | August 30, 2021
ExxonMobil today announced its majority-owned affiliate, Imperial Oil Ltd., is moving forward with plans to produce renewable diesel at a new complex at its Strathcona refinery in Edmonton, Canada. When construction is complete, the refinery is expected to produce approximately 20,000 barrels per day of renewable diesel, which could reduce emissions in the Canadian transportation sector by about 3 million metric tons per year. The complex will utilize locally grown plant-based feedstock and hydr...
Flotek | July 28, 2021
Flotek Industries, Inc., a leader in green specialty chemistries for industrial, commercial, and consumer markets, announced today a long-term agreement with Resolute Oil, a leader in high-quality white mineral oil for consumer and industrial customers, to leverage capabilities and facilities to drive growth in adjacent green chemistry markets. The agreement provides the opportunity to extend until 2036. Resolute Oil will use Flotek's entire 15-acre campus, including its 38,00...
LG Energy Solution | June 30, 2022
LG Energy Solution is branching out in its efforts to secure supply chain of materials as it ramps up its battery production to satiate the growing market demand. LGES today announced that it has signed a non-binding Memorandum of Understanding (MoU) with Compass Minerals a leading provider of essential minerals, critical to producing battery-grade lithium. Under the terms of the MoU, Compass Minerals would supply LGES with lithium carbonate and hydroxide. The MoU s...
Prospera Energy | September 13, 2022
Prospera Energy is primarily focused on optimizing hydrocarbon recovery through environmentally safe and efficient reservoir development methods and production practices. Restructured PEI has elevated gross production levels to 925 Boepd (750bpd) from 80bpd in the span of a year and a half. PEI has piloted horizontal laterals in order to assess and improve technical and economic efficiency to effectively capture the significant remaining reserves. PEI’s primary objectives ar...
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