Suncor to double Sarnia ethanol production
Suncor Energy is going to double production at its Sarnia, Ont., ethanol plant with a $120 million expansion, the company said Thursday.
When completed in late 2009, the plant will be able to produce 400 million litres a year, the company said.
The St. Clair Ethanol Plant, the largest in Canada, has been running since July 2006.
The company said the ethanol will offset 600,000 tonnes of CO2 a year, equal to taking 150,000 cars off the road.
The expansion is part of Suncor's plan to invest $750 million in renewable energy by 2012. So far, it's invested about $250 million in wind power — in Alberta, Saskatchewan and Ontario — and in the first phase of the Sarnia plant.
While touting its green investments, Suncor is spending much more on expanding its oilsands business in Alberta. In January, its directors approved a $20.6 billion investment to boost production by 200,00 barrels a day at its operation near Fort McMurray.
Suncor is aiming to increase crude production capacity to 550,000 barrels a day by 2012.
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