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Tag: Canada

Oil sands production to reach record this year

S&P has raised its 10-year production outlook for the Canadian oil sands. The latest forecast expects oil sands production to reach a record annual average production of 3.5 million bbl/d in 2025 (5% higher than 2024) and exceed 3.9 million bbl/d by 2030; half a million barrels per day higher than 2024. The 2030 projection is 100,000 bbl/d (or nearly 3%) higher than the previous outlook. Despite a lower oil price environment, the analysis attributes the increased projection to favourable economics, as producers continue to focus on maximising existing assets through investments in optimisation and efficiency. While large up-front, out-of-pocket expenditures over multiple years are required to bring online new oil sands projects, once completed, projects enjoy relatively low breakeven prices.

Northern Nutrients restructuring and expansion

Northern Nutrients, a manufacturer of enhanced nitrogen sulphur fertilizers, has announced a new ownership structure following an investment by Shell Trading Canada. Shell Trading Canada has invested in expanding Northern Nutrients’ current facility, resulting in the formation of a new joint venture. The expansion will result in a tripling of current capacity of 50,000 t/a to 150,000 t/a of sulphur-based fertilizers. The company’s facility near Saskatoon produces enhanced nitrogen sulphur fertilizers using Shell Thiogro technology. Their flagship product, Arctic S, is 11% nitrogen and 75% micronised elemental sulphur. Northern Nutrients says that its collaboration with Shell underscores their shared dedication to providing retailers and farmers with high-quality and efficient fertilizers and meet the growing demand for innovative fertilizer products.

US tariff pause brings relief to fertilizer exporters

President Donald Trump delayed his ‘liberation day” tariffs by three months on 9th April, while simultaneously ramping up levies on China. In this latest twist to the on-off US tariffs saga, the Trump administration’s 90-day pause on additional duties should provide international suppliers to the world’s biggest fertilizer market with some respite – for now. With the exception of China, the US will now cut back its so-called ‘reciprocal tariffs’ to 10% for the duration of a three-month suspension period. The European Union’s tariff is now halved to 10%, for example, with the trade bloc also pausing its trade countermeasures against the US.

Green ammonia plant submitted for environmental approval

Hy2gen says that it has submitted its Courant renewable ammonia project to Quebec’s Minister of the Environment, marking the end of the planning stage. The Ministry will now define an impact study that Hy2gen must carry out to ensure that the project meets safety and environmental impact requirements. Project Courant aims to produce 230,000 t/a of low carbon ammonia for the local mining industry and region around Baie-Comeau, Quebec, using 300 MW of electrolyser capacity to generate renewable hydrogen in what Hy2gen says will be one of the largest renewable ammonia projects in North America. The plant is due to become operational in 2030.

New contracts for Stamicarbon

Maire Group says that its nitrogen fertilizer technology licensor Stamicarbon has been awarded new contracts related to its NX STAMI UreaTM technology in Canada. The first award is a process design package and the licensing of an integrated urea and diesel exhaust fluid (DEF) production plant currently being developed by Genesis Fertilizers, a farmer-owned consortium, at Belle Plaine, Saskatchewan. The plant will have a urea melt capacity of 2,500 t/d, with operations expected to begin by 2029. Also thanks to a carbon capture and sequestration unit, it will be the first proposed low-carbon nitrogen fertilizer plant in Canada. Stamicarbon will apply its proprietary flash urea melt technology to enhance operational efficiency and reliability while minimising process steam consumption. The plant will also include a DEF facility with a production capacity of 1,500 t/d.