In Canada, Suncor will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Optimizing the portfolio to drive shareholder returns and continue to reduce emissions requires focus and discipline. Therefore, Suncor plans to divest its wind and solar assets. Suncor’s strategy is focused […]
In Canada, Enerkem Inc. announced the closing of a C$50 million equity investment from Suncor. As Canada’s leading integrated energy company, Suncor first participated in the ownership of Enerkem in April 2019 as part of a C$76.3 million equity financing alongside Enerkem’s existing shareholders. With this new investment, Suncor becomes a significant, strategic shareholder of Enerkem. […]
From Texas, we hear that Benefuel announced that it has closed $11 million in the first tranche of its offering of Series C Preferred Stock. A U.S. subsidiary of Suncor Energy, Canada’s leading integrated energy company was the primary subscriber. The first tranche also included Flint Hills Resources and other existing shareholders. Additionally, Benefuel and […]
In Canada, Suncor’s St. Clair ethanol plant reached its 1 billion liter production mark just shy of its 5-year anniversary and just three months after its expansion to 400,000 liters per day, double its previous size. Since April 2008, the company says there hasn’t been a single reportable safety infraction in more than 350,000 work […]
In Ontario, Suncor Energy celebrated the completion of expansion at its St. Clair Ethanol Plant. The completion of this project has since doubled the plant’s production capacity from 200 to 400 million liters of ethanol per year, which Suncor refers to as being the largest Canadian biofuel production facility. Government representatives joined Suncor executives and […]
