@syncrude.ca
Syncrude is a largest operators in Canada’s growing oil sands industry.
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Syncrude Canada Ltd. It was established as a joint venture between several major oil companies in 1964 and is currently the largest producer of synthetic crude oil from oil sands in Canada. The company's headquarters are located in Fort McMurray, Alberta, Canada.
The facility covers an area of roughly 72 square kilometers and consists of mining operations, extraction plants, and upgrading facilities. It employs thousands of workers and is a significant contributor to the local and national economies. Syncrude's main product is synthetic crude oil, which is produced from oil sands through a process known as bitumen extraction and upgrading.
The company's operations include mining the oil sands and extracting bitumen, which is then upgraded into synthetic crude oil. It is then transported through pipelines to refineries where it is further processed into various petroleum products. On a global scale, Syncrude operates as a subsidiary of Canadian Natural Resources Limited (CNRL), one of the largest independent crude oil and natural gas producers in the world.
Syncrude also has several notable joint ventures and partnerships, including its partnership with Suncor Energy, another major Canadian oil and gas company. In terms of market position, Syncrude is a key player in the global energy industry, particularly in the production of synthetic crude oil from oil sands. The company's annual production capacity is approximately 350,000 barrels per day, making it one of the largest producers in Canada.
Syncrude has achieved numerous notable milestones over the years. In 2018, the company celebrated its 40th anniversary and showcased its commitment to sustainability and environmental stewardship. It has made significant investments in research and development to improve its extraction and upgrading processes, reducing its environmental impact and improving energy efficiency.
As of the latest available information, Syncrude continues to operate as a leading producer of synthetic crude oil. The company remains focused on innovation and sustainability to ensure its long-term success. As the global energy landscape evolves, Syncrude has been adapting its strategies to stay competitive and meet the changing demands of the market
Company Type
Partnership
Company Size
5001-10,000
Year Founded
1964
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