There’s money to be made from Alberta’s oil sands and not just by energy developers. There are opportunities for Canadian manufacturers to be part of a multi-billion dollar supply chain that is in need of products and services from a range of industries.
March 10, 2011
by PLANT STAFF
Mining bitumen in Fort McMurray, Alta.
EDMONTON: There’s money to be made from Alberta’s oil sands and not just by energy developers. There are opportunities for Canadian manufacturers to be part of a multi-billion dollar supply chain that is in need of products and services from a range of industries.
Canadian Energy Research Institute (CERI) estimates capital investment in Alberta’s oil sands will be $218 billion over the next 25 years, and economic activity generated across the country will reach $1.7 trillion over the same period.
Oil sands operators and suppliers are looking for all kinds of manufacturing capability, including machinery and metal fabrication among other needs, but they’re having a hard time keeping up using traditional procurement practices and demand for oil sands energy is growing. As a result, the oil sands supply chain is being redesigned into a series of extensive partnerships that form integrated networks that will handle growing procurement demands.
If you’re looking to do some business with Alberta’s oil sands developers and suppliers, the annual National Buyer Seller Forum (NBSF) in Edmonton March 29-31 will lay out the new oil sands supply chain and where you fit in.
Sessions will cover mining projects, engineering and procurement, carbon capture and sequestration, reclamation and water management, specialized supply chain strategies, tailings pond opportunities, and global investment.
Keynote speakers include: Alberta premier Ed Stelmach; Imperial Oil CEO Bruce March; Alberta Finance and Enterprise minister Lloyd Snelgrove; David Lynch, Dean of Engineering at the University of Alberta; Jayson Myers, CME’s president and CEO; Don Thompson, president of the Oil Sands Developers Group; and Gary Houston, vice-president of midstream and marketing, TOTAL Canada.
This event is presented by Canadian Manufacturers & Exporters (CME), the Canadian Association of Petroleum Producers (CAPP), and the Alberta and Canadian governments.