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Foreign buyers show fresh interest as asset sales resume in Canadian energy sector

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CALGARY – As oil prices rise, more Canadian oil and gas companies are striking deals to buy and sell their competitors and the frothy market has begun luring in foreign private equity players into the domestic oil patch.
Cenovus Energy Inc. president and CEO Alex Pourbaix said Tuesday that his company may look to resume asset sales that were paused in bear markets in previous years.
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Foreign buyers show fresh interest as asset sales resume in Canadian energy sector Back to video
He said Cenovus asked Husky’s management team to pause its planned sale of Husky’s retail fuel business last year during a period of low oil prices when the two companies were negotiating their $24-billion merger. ....

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Manifold Times | Arq to invest USD 40 million to produce mining waste derived bunker fuel in Louisiana

Arq to invest USD 40 million to produce mining waste derived bunker fuel in Louisiana
25 Jan 2021
The Government of Louisiana in mid-January said London-based energy technology company Arq Group will develop an industrial facility in St. Rose, Louisiana, to produce Arqâs proprietary Arq Fuelâ¢ product.
The site will receive material produced from discarded mined materials, and will transform it into a cleaner and valuable blending component for oil products entering the power-generation and marine industries.
Arq will invest up to USD 40 million at the St. Rose site owned by International-Matex Tank Terminals, or IMTT. The project will entail a thermal drying facility; blending and product-handling equipment; transportation infrastructure; and storage tanks. ....

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Company that turns mining waste into fuel investing $40M in Louisiana

Company that turns mining waste into fuel investing $40M in Louisiana
Arq, a London-based company that recycles mining waste into fuel, will spend up to $40 million to develop an industrial facility in St. Rose, state and company officials announced Friday.
The company is expected to employ 12 people with an average annual salary of $52,000 plus benefits. Louisiana Economic Development estimates the project also will result in 31 new indirect jobs.
The site will transform discarded mining materials into a blending component for oil products used by the power-generation and marine industries, helping the users reduce their greenhouse gas emissions.
“Arq’s St. Rose facility is an important investment and milestone in our company’s ambitions to make a transformative impact in the energy industry,” CEO Julian McIntyre said. “The Arq Fuel we produce at St. Rose and blend into liquid fuels is responsibly sourced transition fuel, which is providing a lower-cost ....

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St. Rose project to provide hydrocarbon fuel blend for power, maritime industries

St. Rose project to provide hydrocarbon fuel blend for power, maritime industries
1/15/2021
Gov. John Bel Edwards and Arq CEO Julian McIntyre announced the company will develop an industrial facility in St. Rose, Louisiana, to produce Arq’s proprietary Arq Fuel™ product. The site will receive an intermediate wet-cake material produced from discarded mined materials, and will transform it into a cleaner and valuable blending component for oil products entering the power-generation and marine industries.

Arq will invest up to $40 million at the St. Rose site owned by International-Matex Tank Terminals, or IMTT. The project will entail a thermal drying facility; blending and product-handling equipment; transportation infrastructure; and storage tanks. Arq will create 12 new direct jobs with an average annual salary of $52,000, plus benefits. Louisiana Economic Development estimates the project also will result in 31 new indirect jobs, for a total of 43 new jo ....

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Louisiana Governor: Arq's Innovative Fuel Facility for St. Charles Parish

Louisiana Governor: Arq's Innovative Fuel Facility for St. Charles Parish | Gov. Edwards Announces Arq's Innovative Fuel Facility for St. Charles Parish Baton Rouge, LA (STL.News) Today, Gov. John Bel Edwards and Arq CEO Julian ....

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