Thursday, May 24, 2007

Shell looking to harness nuclear energy for bitumen extraction west of Fort McMurray

Royal Dutch Shell PLC is hoping investments in nuclear energy will allow it to extract bitumen from hard limestone west of Fort McMurray. Unlike other Alberta oil sands projects, extraction from limestone requires vast amounts of electricity, which it hopes will come from nuclear power via the proposed nuclear power plant development from Energy Alberta Corp. in cooperation with Atomic Energy of Canada Ltd. In the new extraction process, underground electric heaters are used to liquify bitumen in an effort to bring it to the surface.

Husky Energy Inc. is another player in the region hoping to use nuclear energy to extract bitumen in partnership with Royal Dutch.

Source: Globe and Mail

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