Calgary company says it’s working on an upgrade to bitumen upgraders

EDMONTON – When it comes to upgrading Alberta’s vast supply of bitumen, Ivanhoe Energy is out to prove small is beautiful — and profitable.

The Calgary-based oil company has new technology ready for its proposed steam-assisted gravity drainage (SAGD) project near Fort McMurray that would partially upgrade bitumen right near the well site — just enough so it will flow into regular pipelines and could be shipped directly to a refinery.

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