"After a detailed review, the board has concluded that it is not possible to secure ECCC carbon intensity credits to enable it to continue with its plan to build up sales and production levels without carbon capture & storage. Ethanol production is not core to the Cenovus integrated strategy with the sale of the service stations."
https://www.dtnpf.com/agriculture/web/ag/blogs/ethanol-blog/blog-post/2023/02/17/minnedosa-ethanol-plant-close
Who cares, sell it and focus on core assets.
@1pki+1lkVWNgN you are delusional. The carbon intensity of Minnedosa ethanol is 40 -60. The LEP is around 11 with CCUS. The new bio-ethanol complex in SE Calgary claims -20. Who is going to want to buy from Cenovus?
Still a bad link. Fake news
Try this one:
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/agriculture/061220-cenovus-says-to-close-manitoba-ethanol-plant-after-unsuccessful-buyer-search
Link doesn’t work. This is fake news.
Another cr---y asset from the Husky portfolio.
Good, too bad that psychotic ex-manager won't go with it.
"The company evaluated the feasibility of carbon capture and storage (CCS) at the Minnedosa Ethanol Plant and Elmworth natural gas processing plant, initiated a technology screening study to determine the optimal carbon capture technology at the Lloydminster Upgrader and completed a feasibility study for the construction of a CCS project at Christina Lake." Q2 2022
I guess CCS in Manitoba just isn't feasible.
Minnedosa has two problems: