Parkland Announces $600-million Expansion Plan for Renewable Fuel Production at Burnaby Refinery
Parkland Corporation announced plans to increase renewable fuel production at its Burnaby Refinery – one of many steps they are taking to advance their commercial decarbonization strategy and provide customers with a portfolio of low carbon products and services.
Parkland is in partnership with the BC Government to build the province’s largest renewable diesel complex in Burnaby and expand co-processing capability. Plans will reduce GHG emissions by 2 MT, equal to taking 700K of BC’s passenger vehicles off the road.
“I applaud the Government of British Columbia for their vision and support of these innovative projects,” said Bob Espey, Parkland President & CEO. “This announcement advances our decarbonization strategy and our commitment to provide customers with low carbon choices which help them meet their environmental goals.”
Renewable fuels produced through these plans will have one eighth of the carbon intensity of conventional fuels. In addition, Parkland is designing the stand-alone renewable diesel complex to ensure it does not increase emissions from the Burnaby Refinery.
“This is a big step forward in our transition to a lower-carbon economy,” said Bruce Ralston, BC’s Minister of Energy, Mines and Low Carbon Innovation. “Harnessing Parkland’s technical expertise and infrastructure to lower the environmental impact of our transportation is something we can be proud of.”