Suncor Energy Inc. is a
CanadianCanada is a country occupying most of northern North America, extending from the Atlantic Ocean in the east to the Pacific Ocean in the west and northward into the Arctic Ocean...
integrated energy company, based in Calgary, Alberta. It has specialized on production of
synthetic crudeSynthetic crude is the output from a bitumen/extra heavy oil upgrader facility used in connection with oil sand production. In some cases, it may refer also to shale oil–the output from an oil shale pyrolysis. The properties of the synthetic crude depend on the processes used in the upgrading....
from oil sands. Suncor ranks number 254 on the
Forbes Global 2000The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world by Forbes magazine. The ranking is based on a mix of four metrics: Sales, Profit, Assets and Market value...
list.
Suncor markets products and services to retail customers in Ontario through a network of more than 280
SunocoSunoco Inc. is an American petroleum and petrochemical manufacturer headquartered in Philadelphia, Pennsylvania, United States, formerly known as Sun Company Inc. and Sun Oil Co. ....
-branded retail sites, as well as more than 200 customer-operated retail and diesel sites.
Suncor Energy Inc. is a
CanadianCanada is a country occupying most of northern North America, extending from the Atlantic Ocean in the east to the Pacific Ocean in the west and northward into the Arctic Ocean...
integrated energy company, based in Calgary, Alberta. It has specialized on production of
synthetic crudeSynthetic crude is the output from a bitumen/extra heavy oil upgrader facility used in connection with oil sand production. In some cases, it may refer also to shale oil–the output from an oil shale pyrolysis. The properties of the synthetic crude depend on the processes used in the upgrading....
from oil sands. Suncor ranks number 254 on the
Forbes Global 2000The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world by Forbes magazine. The ranking is based on a mix of four metrics: Sales, Profit, Assets and Market value...
list.
Suncor markets products and services to retail customers in Ontario through a network of more than 280
SunocoSunoco Inc. is an American petroleum and petrochemical manufacturer headquartered in Philadelphia, Pennsylvania, United States, formerly known as Sun Company Inc. and Sun Oil Co. ....
-branded retail sites, as well as more than 200 customer-operated retail and diesel sites. In addition, it sells oil products under
Petro-CanadaPetro-Canada was a Canadian oil and gas firm. Its headquarters were in the Petro-Canada Centre in Calgary, Alberta. On August 1, 2009, Petro-Canada merged with Suncor Energy...
brand. Suncor also markets through a retail network of
Phillips 66The company that made Phillips 66 gasoline began in 1917 as Phillips Petroleum Company, founded by L.E. Phillips and Frank Phillips, of Bartlesville, Oklahoma. In 1927, the company's gasoline was being tested on U.S...
-branded outlets throughout Colorado.
History
Suncor was founded in 1919 in
MontrealMontreal is the second-largest city in Canada and the largest city in the province of Quebec. Originally called Ville-Marie , the city takes its present name from Mont-Royal, the triple-peaked hill located in the heart of the city, whose name was also initially given to the island on which the...
as
Sun Company of Canada, a subsidiary of Sun Oil. Sun merged its Canadian interests, including Great Canadian Oil Sands, the original developer of Canada's
Athabasca oil sandsThe Athabasca Oil Sands are large deposits of bitumen, or extremely heavy crude oil, located in northeastern Alberta, Canada - roughly centered around the boomtown of Fort McMurray...
to form Suncor in the 1970s. In 1981, the Government of Ontario purchased a 25% stake in Suncor before divesting in 1993. In the mid 1990's Sun Oil, now
SunocoSunoco Inc. is an American petroleum and petrochemical manufacturer headquartered in Philadelphia, Pennsylvania, United States, formerly known as Sun Company Inc. and Sun Oil Co. ....
, Inc. also divested its interest in Suncor, although Suncor maintains the Sunoco retail brand in Canada. Suncor is now an independent, widely-held company.
On March 23, 2009, Suncor announced an acquisition of Petro-Canada. This merger created a company with a combined market capitalization of
C$The Canadian dollar is the currency of Canada. It is normally abbreviated with the dollar sign $, or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents...
43.3 billion. On 4 June, 2009, a 98% approval rate was reached by Suncor's shareholders for the acquisition of Petro-Canada and the competition bureau approved the merger on June 21, 2009.. The merger with Canada's 11th largest company was completed on August 1, 2009 in a 21 billion dollar deal to form the second largest company in Canada
Operations
In 1967, Suncor pioneered commercial development of Canada's Athabasca oil sands — one of the world's largest petroleum resource basins. Since then, Suncor has grown to become a globally-competitive, Canadian-based integrated energy company with a balanced portfolio of high quality assets, a strong balance sheet and significant growth prospects.
- Near Fort McMurray, Alberta, Canada, Suncor extracts and upgrades oil sands into high-quality, refinery-ready crude oil products and diesel fuel.
- In Western Canada, Suncor explores for, develops and produces natural gas.
- The international and offshore business focuses on operations in the North Sea (United Kingdom, Netherlands and Norway) and the East Coast of Canada (where we participate in every major oil development project). We are also building material positions in the growth areas of Libya, Syria and Trinidad and Tobago.
- Across Canada and Colorado, Suncor's downstream operations market the company's refined products to industrial, commercial and retail customers. We have refineries in Edmonton, Alberta, Sarnia, Ontario, Montreal, Quebec and Commerce City, Colorado. We also sold about 15% of all petroleum products sold in Canada in 2008. Our Lubricants business is the largest producer of quality lubricant base stocks in Canada.
Suncor is also investing in clean, renewable energy sources:
- Suncor has four wind power farms in operation. With a total capacity of 147 megawatts, these renewable energy sites serve as an alternative to hydrocarbon-fuelled generation. These farms offset the equivalent of approximately 284,000 tonnes of carbon dioxide annually.
- Suncor's ethanol facility located in the township of St. Clair, Ontario has a current production capacity of 200 million litres per year. The ethanol is blended into our Sunoco and Phillips 66-branded gasoline and contributes to CO2 emission reductions of up to 300,000 tonnes per year.
Products
Products of Suncor are sold in service stations in
OntarioOntario is a province located in east-central Canada, the largest by population and second largest, after Quebec, in total area. Ontario is bordered by the Canadian provinces of Manitoba to the west and Quebec to the east, and 5 U.S...
under the Sunoco brand name and
ColoradoColorado is a U.S. state located in the Rocky Mountain region of the United States of America. It may also be considered to be part of the Western and Southwestern regions of the United States. Colorado entered statehood in 1876 and was nicknamed the “Centennial State”...
(via
Phillips 66The company that made Phillips 66 gasoline began in 1917 as Phillips Petroleum Company, founded by L.E. Phillips and Frank Phillips, of Bartlesville, Oklahoma. In 1927, the company's gasoline was being tested on U.S...
):
- Ultra 94, Gold Diesel fuels
- ecoWash car wash
- Suncor MasterCard
With the merger of
Petro-CanadaPetro-Canada was a Canadian oil and gas firm. Its headquarters were in the Petro-Canada Centre in Calgary, Alberta. On August 1, 2009, Petro-Canada merged with Suncor Energy...
into Suncor Energy on August 1, 2009, Suncor also sells its products under the Petro-Canada name across Canada.
Canada
- Oil sands mining and in-situ operations in the Athabasca oil sands
The Athabasca Oil Sands are large deposits of bitumen, or extremely heavy crude oil, located in northeastern Alberta, Canada - roughly centered around the boomtown of Fort McMurray...
region near Fort McMurray, Alberta. These facilities recover bitumenBitumen is a mixture of organic liquids that are highly viscous, black, sticky, entirely soluble in carbon disulfide, and composed primarily of highly condensed polycyclic aromatic hydrocarbons....
, a very heavy form of crude oil, from the oil sands.
- Four wind power
Wind power is the conversion of wind energy into a useful form of energy, such as electricity, using wind turbines. At the end of 2008, worldwide nameplate capacity of wind-powered generators was 121.2 gigawatts . In 2008, wind power produced about 1.5% of worldwide electricity usage; and is...
projects, two in AlbertaAlberta is one of Canada's prairie provinces. It became a province on September 1, 1905.Alberta is located in western Canada, bounded by the provinces of British Columbia to the west and Saskatchewan to the east, the Northwest Territories to the north, and the U.S. state of Montana to the south....
, one in SaskatchewanSaskatchewan is a prairie province in Canada, which has an area of and a population of 1,023,810 , mostly living in the southern half of the province. Of these, 233,923 live in the province's largest city, Saskatoon, while 194,971 live in the provincial capital, Regina...
and one in OntarioOntario is a province located in east-central Canada, the largest by population and second largest, after Quebec, in total area. Ontario is bordered by the Canadian provinces of Manitoba to the west and Quebec to the east, and 5 U.S...
. Together, these wind power projects have a generating capacity of 147 megawatts and are expected to offset the equivalent of approximately 728 tonnes of carbon dioxide per day.
- Upgrading operations that process bitumen into higher-quality synthetic crude oil. In 2007, Suncor had a processing capacity of more than 260,000 bbl of crude oil per day.
- 272 Sunoco retail service stations in Ontario
- 140 Pioneer-operated retail service stations in Ontario
- 85,000 barrel-per-day refinery located in Sarnia, Ontario
Sarnia is a city in Southern Ontario, Canada . It is the largest city on Lake Huron and is located where the upper Great Lakes empty into the St. Clair River....
- 135,000 barrel-per-day refinery located in Edmonton, Alberta
- 130,000 barrel-per-day refinery located in Montreal, Quebec
- Lubricants complex in Mississauga, Ontario
Mississauga , incorporated in 1974, is a city in Southern Ontario located in the Regional Municipality of Peel, and part of the Greater Toronto Area. With a population of 668,549 as of the 2006 census, it is Canada's sixth-most populous municipality, and has almost doubled in population in each...
, rated at 15,600 barrels-per-day
- St. Clair
St. Clair is a township in southwestern Ontario, Canada, in Lambton County on the St. Clair River.- Communities :The township comprises the communities of Avonry, Babys Point, Becher, Bickford, Bradshaw, Brigden, Charlemont, Colinville, Courtright, Corunna, Cromar, Duthill, Frog Point, Froomfield,...
ethanol plant
- 60 UPI-operated service stations in rural Ontario
- Sunoco FleetFuels sites in southern Ontario
United States
- 93,000 barrel-per-day refinery in Commerce City, Colorado
The City of Commerce City is a Home Rule Municipality located in Adams County, Colorado, United States. Commerce City is a northern suburb of Denver and now the 20th most populous municipality in the State of Colorado...
- Grand Junction CO Products Terminal
- 43 retail stations branded as Phillips 66
The company that made Phillips 66 gasoline began in 1917 as Phillips Petroleum Company, founded by L.E. Phillips and Frank Phillips, of Bartlesville, Oklahoma. In 1927, the company's gasoline was being tested on U.S...
in the United StatesThe United States of America is a federal constitutional republic comprising fifty states and a federal district...
Board of directors
John Ferguson
Director since 1995
Chairman of the Board
Richard L. George
Director since 1991
President and Chief Executive Officer
Suncor Energy Inc.
Mel E. Benson
Director since 2000
Chair, Environment, Health and Safety Committee; member, Human Resources and Compensation Committee
Brian Canfield
Director since 1995
Chair, Audit Committee; member, Governance Committee
W. Douglas Ford
Director since 2004
Member, Human Resources and Compensation Committee, Governance Committee
Paul Haseldonckx
Director since 2009
Member, Audit Committee, Environment, Health and Safety Committee
John R. Huff
Director since 1998
Member, Human Resources and Compensation Committee, Environment, Health and Safety Committee
Brian MacNeill
Director since 2009
Chair, Governance Committee; member, Audit Committee
Maureen McCaw
Director since 2009
Member, Human Resources and Compensation Committee, Environment, Health and Safety Committee
Mike O'Brien
Director since 2002
Member, Governance Committee, Audit Committee
James Simpson
Director since 2009
Chair, Human Resources and Compensation Committee; member, Environment, Health and Safety Committee
Eira Thomas
Director since 2006
Member, Audit Committee, Governance Committee
Management team
- Rick George, President and Chief Executive Officer
- Steve Williams, Chief Operating Officer
- Kirk Bailey, Executive Vice President, Oil Sands
- Neil Camarta, executive vice president, Natural Gas
- Boris Jackman, executive vice president, Refining and Marketing
- Mike MacSween, senior vice president, In-Situ
- Eric Axford, senior vice president, Operations Support
- Peter Kallos, executive vice president, International & Offshore
- Kevin Nabholz, Executive Vice President, Major Projects
- Jay Thornton, executive vice president, Energy Supply, Trading and Development
- Sue Lee, Senior Vice President, Human Resources and Communications
- Bart Demosky, chief financial officer
- Andrew Stephens, senior vice president, Business Services
- Terry Hopwood, Senior Vice President and General Counsel
- Harry Roberts, senior vice president, Integration
- Mark Little, senior vice president, Integration
- Ron Brenneman, executive vice chairman
Environmental record
According to a pollution watch fact sheet, in 2007, Suncor Energy's oil sands operations had the sixth highest greenhouse gas emissions in Canada. While Suncor has reduced the greenhouse gas emissions intensity of its oil sands operations by more than 50% (and 25% company-wide) since 1990, with growing production, total (absolute) greenhouse gas emissions from the company's operations have continued to increase.
On April 2, 2009, Suncor was fined $675,000 for not installing pollution control equipment at its Firebag operation near Fort McMurray, Alberta back in July 2006. On the same day, Suncor was fined $175,000 for dumping of untreated wastewater from a company work camp near Fort McMurray into the
Athabasca RiverThe Athabasca River originates from the Columbia Glacier of the Columbia Icefield in Jasper National Park in Alberta, Canada...
in 2007.
Suncor has been actively working to reduce the amount of toxic bitumen entering tailings ponds. Working under the auspices of the
Natural Sciences and Engineering Research CouncilThe Natural Sciences and Engineering Research Council of Canada is a Canadian government division that provides grants for research in the natural sciences and in engineering. In 2007-2008, it will invest CAD $958 million in university-based research and training.NSERC was created on May 1, 1978...
of Canada (NSERC), Suncor has teamed with the
University of AlbertaThe University of Alberta is a public research university located in Edmonton, Alberta, Canada. Founded in 1908 by Alexander Cameron Rutherford, the first premier of Alberta and Henry Marshall Tory, its first president, it is widely recognized as one of the top universities in Canada...
and Matrikon, an Edmonton-based software company, to develop new separation-cell technology that reduces the amount of bitumen entering tailings ponds by 50 per cent.
Community involvement and awards
In 2007, Suncor Energy was named one of
Canada's Top 100 EmployersCanada's Top 100 Employers is an annual competition that recognizes the best places in Canada to work. First held in 1999, the project aims to single out the employers that lead their industries in offering exceptional working conditions and progressive human resources policies...
, as published in
Maclean'sMaclean's is a Canadian weekly news magazine, reporting on Canadian issues such as politics, pop culture, and current events.}-History:...
magazine, the largest oilsands development firm to receive this honour.
In October 2008, Suncor was named one of "
Canada's Top 100 EmployersCanada's Top 100 Employers is an annual competition that recognizes the best places in Canada to work. First held in 1999, the project aims to single out the employers that lead their industries in offering exceptional working conditions and progressive human resources policies...
" by Mediacorp Canada Inc., and was featured in
Maclean'sMaclean's is a Canadian weekly news magazine, reporting on Canadian issues such as politics, pop culture, and current events.}-History:...
newsmagazine. Later that month, Suncor was also named one of
Alberta's Top EmployersAlberta's Top Employers is a competition that recognizes the best workplaces in Alberta. Published annually since October 2005, the designation recognizes the Alberta employers that lead their peers in providing exemplary employee benefits and forward-thinking human resource programs...
, which was announced by the
Calgary HeraldThe Calgary Herald is a daily newspaper published in the Canadian city of Calgary, Alberta.- History :The paper was first published on August 31 1883 by Andrew Armour and Thomas Braden as The Calgary Herald, Mining and Ranche Advocate and General Advertiser. It started as a weekly paper with only...
and the
Edmonton JournalThe Edmonton Journal is a daily newspaper in Edmonton, Alberta. It is part of the CanWest News Service division of CanWest Global Communications.-History:...
.
See also
- Canadian Centre for Energy Information
The Canadian Centre for Energy Information is a non-profit organization created in 2002 to meet an urgent need for information on all aspects of the Canadian energy system from oil, natural gas, coal, thermal, and hydroelectric power through to nuclear, solar, wind, and other sources of energy...
- History of the petroleum industry in Canada (oil sands and heavy oil)
Canada's oil sands and heavy oil resources are among the world's great petroleum deposits. They include the vast oil sands of northern Alberta, and the heavy oil reservoirs that surround the small city of Lloydminster, which sits on the border between Alberta and Saskatchewan...
- Scotford Upgrader
The Shell Scotford Upgrader is an oilsand upgrader, a facility which processes crude bitumen from oil sands into a wide range of synthetic crude oils. The upgrader is owned by Athabasca Oil Sands Project , a joint venture of Shell Canada Energy , Marathon Oil Sands L.P. and Chevron Canada Limited...
- Syncrude
Syncrude Canada Ltd. is the world's largest producer of synthetic crude oil from oil sands and the largest single source producer in Canada. It is located just outside Fort McMurray in the Athabasca Oil Sands, and supplies about 13% of Canada's oil requirements, with a production capacity of...
- largest petroleum companies Canada
- PollutionWatch
External links