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Alberta gives bitumen a boost with $1 billion upgrading plan

from Globe and Mail

Alberta intends to provide roughly $1 billion in loan guarantees and grants to develop projects that will increase the amount of bitumen exported through existing pipelines. The province recently pledged to help turn partial-upgrading technologies into commercial-size projects. Bitumen that is partially upgraded would be able to travel more efficiently through pipelines, allowing energy producers to increase exports. And improving the quality of the crude would increase the number of refineries capable of processing Alberta's heavy oil. more


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