Optimizing Future Clean Fuel Supply Chains
Cenovus is a Canadian-based integrated energy company headquartered in Calgary. We’re committed to maximizing value by sustainably developing our assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into our business plans. We operate in Canada, the United States and the Asia Pacific region. Our operations include oil sands projects in northern Alberta, thermal and conventional crude oil and natural gas projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and liquids production offshore China and Indonesia. Cenovus’s downstream operations include upgrading, refining and marketing operations in Canada and the United States.
Our operations involve activities across the full value chain to develop, transport, produce and market crude oil and natural gas in Canada and internationally. Our physically integrated upstream and downstream operations help us mitigate the impact of volatility in the market by capturing value from production through to the sale of finished products, like gasoline, diesel, jet fuel, asphalt and lubricants. Our existing biofuels business helps to complement our downstream business and reduce exposure to environmental commodity markets.
Demand for clean fuels (e.g., ethanol, renewable diesel, sustainable aviation fuel) is set to grow rapidly as new government regulations mandate fuel carbon intensity and volumetric blending requirements. Industry needs to understand where biogenic feedstocks may be sourced and what the corresponding carbon intensity of these fuel pathways may be in order to meet compliance obligations and minimize compliance costs. Development of clean fuels presents both a business opportunity and a risk mitigation for entities that are subject to regulatory compliance requirements.
This project will consist of data exploration to better understand large feedstock sources and possible fuel supply-chains that maximize carbon intensity reductions and minimize life cycle fuel supply costs. Topics in carbon accounting, regulatory compliance, data collection, data analysis, economic evaluation, and data visualization are expected to arise while working on this problem.