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International Trade committee It's important that we think about our ESG objectives holistically. Suppliers' qualifications will be important. Are they a responsible counterparty as well? We evaluate our suppliers on the same basis and are starting to more and more. Refineries consume a lot of electricity an
November 18th, 2022Committee meeting
Ryan Krogmeier
International Trade committee We plan to invest well over $650 million—in the right environment, of course—in a renewable diesel complex, with the potential to invest in sustainable aviation fuel. That will be 6,500 barrels per day, which is a little over one million litres of low-carbon sustainable fuels. T
November 18th, 2022Committee meeting
Ryan Krogmeier
International Trade committee We want to continue to increase our current low-carbon fuels manufacturing capacity and take that to the consumers in Canada and in British Columbia. Again, the IRA implies, because of the uncompetitive nature that we will be in, that we will not be able to compete against U.S.
November 18th, 2022Committee meeting
Ryan Krogmeier
International Trade committee Yes, absolutely. YVR is a large consumer of jet fuel today, as we all know, and it will be a large consumer of sustainable aviation fuel in the future. As to what exactly those regulations to consume sustainable aviation fuel will look like, we'll have to see the pace, but they a
November 18th, 2022Committee meeting
Ryan Krogmeier
International Trade committee The crux of the issue is one of competitiveness. It's been said already that the ability to attract capital investment here in Canada with this unlevel playing field is a big issue. In the space of renewable fuels production or biofuels production, which will be a critical comp
November 18th, 2022Committee meeting
Ryan Krogmeier
International Trade committee Madam Chair and honourable members, thank you for the opportunity to attend today's meeting. My name is Ryan Krogmeier. I am the senior vice-president of supply, trading and refining at Parkland Corporation. We are a Calgary-headquartered Canadian multinational company with a p
November 18th, 2022Committee meeting
Ryan Krogmeier