Financial Post

The term cyclic solvent process may not exactly roll of your tongue, but if successful the technology could dramatically cut the use of water on one of Canada’s largest oil sands sites.

Imperial Oil Ltd. is currently tinkering with a $100-million technology that could reduce expensive water usage at its 154,000-bpd Cold Lake, Alta. project.

By using solvents rather than steam to produce bitumen, the process eliminates the need for large amounts of energy and water and reduces direct greenhouse gas emissions by more than 90%, the company claims.

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