PROCESSWEST Magazine Online
News

Indigenous groups form alliance to transform oil sands into a clean oil industry


September 9, 2019  


Print this page

Athabasca Chipewyan First Nation, Chipewyan Prairie First Nation, First Nation #468, and Value Creation Group ( VCG ) have formed an Alliance Agreement, with the aim of transforming the oil sands to a clean oil industry “economically, competitively and sustainably, while unearthing huge ( latent ) global narkets.”

“We are excited with the VCG technologies and business strategy. It is transformational both in economics and environmental performance,” according to a joint statement of Chief Allan Adam, Chief Vern Janvier, Chief Ron Kreutzer. “This provides investment opportunities for sustainable growth of wealth and wellness, perfectly fitting the aspiration of Indigenous people, echoing government’s voice for economic growth and sustainable prosperity for Indigenous people.”

Value Chain Solutions Inc. (VCS), a subsidiary of Value Creation Inc., has already activated site preparations and project front-end work in preparation for execution.

The first commercial project targets for up to 188,000 bpd capacity, producing premium crudes and products.

VCG would first focus on quality and excellence of its first commercial project, looking to fast-track the supply chain with a target of more than one million bpd, “creating a clean oil corridor from Alberta to (the) high growth Asian region.”


Print this page

Related


Leave a Reply

Your email address will not be published. Required fields are marked *

*