Suncor Energy and partners approve new facility to test water treatment and recycling technologies

Suncor Energy and partners approve new facility to test water treatment and 
recycling technologies 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Suncor Energy Inc. 
TSX SYMBOL:  SU
NYSE SYMBOL:  SU 
JUNE 19, 2014 
Suncor Energy and partners approve new facility to test water treatment and
recycling technologies 
CALGARY, ALBERTA--(Marketwired - June 19, 2014) - Suncor Energy and five
industry partners today announced an estimated $165 million funding commitment
to sanction the construction of a dedicated Water Technology Development Centre
(WTDC). The WTDC, to be located at Suncor's Firebag facility, will be used
to test water treatment and further develop recycling technologies. The goal of
the WTDC is to shorten the timeframe needed to develop and commercialize new
technologies, as well as significantly enhance existing technologies. 
"The WTDC will help us speed up the pace of innovation, while
collaboratively managing the risks and costs of technology development,"
said Steve Williams, Suncor president and chief executive officer. "We
expect to see strong benefits by conducting different tests simultaneously,
using process fluids in real world conditions to pilot new technologies and
prove their commercial viability." 
The centre is being pursued as a joint industry project convened under
Canada's Oil Sands Innovation Alliance (COSIA), with testing to begin by
early 2017. In addition to Suncor, the partner companies include Canadian
Natural Resources Limited, Devon Canada Corporation, Nexen Energy ULC, Shell
Canada Energy and Husky Oil Operations Limited. 
"Moving forward on the WTDC is a demonstration of the tangible progress
that COSIA is making by bringing companies together to share knowledge and
advance innovation," says Dan Wicklum, chief executive of COSIA. "The
research and testing conducted at the WTDC will allow participating companies
to test drive more technologies than could be evaluated by each company alone.
This helps to deliver our vision of accelerated environmental performance
improvement in Canada's oil sands." 
The structure of the joint industry project will see Suncor construct, own and
operate the WTDC while collaborating with the other partners on design,
construction and operations - including specific tests. As a dedicated test
facility, the WTDC is expected to overcome the barriers that are common to
field testing at commercial production facilities, which are not typically
designed to accommodate simultaneous testing of water treatment technologies. 
Testing priorities will include minimizing fresh water use and maximizing
reliability for steam assisted gravity drainage (SAGD) production. The facility
is expected to provide industry with the opportunity to develop new ways of
approaching water treatment and recycling, resulting in positive environmental,
social and economic outcomes. 
"Water is one of the world's most precious resources, and there is
rising concern about how water is used in almost every industry and every
country," said Williams. "By working together on new technologies, we
in the oil sands industry hope to deliver results sooner. Our objective is to
develop new processes that will allow us to use less water, and we expect that
technologies for reducing water usage will also aid in reducing industry costs
- this is truly about a triple bottom line approach." 
Longer term, the WTDC is also expected to help foster deeper technical
expertise in the employees who are involved in the project, which is important
to Suncor as the company continues to progress its oil sands water management
strategy.  
Forward-looking statements in this news release include those related to the
Water Technology Development Centre, including funding commitments, benefits,
priorities and goals of the technology. Forward-looking statements are not
guarantees of future performance and involve a number of risks and
uncertainties, some that are similar to other oil and gas companies and some
that are unique to our company. Suncor's actual results may differ
materially from those expressed or implied by our forward-looking statements
and you are cautioned not to place undue reliance on them.  
Suncor's Quarterly Report and Management's Discussion & Analysis
dated April 28, 2014 and Suncor's most recently filed Annual Information
Form/Form 40-F, Annual Report to Shareholders and other documents it files from
time to time with securities regulatory authorities describe the risks,
uncertainties, material assumptions and other factors that could influence
actual results and such factors are incorporated herein by reference. Copies of
these documents are available without charge from Suncor at 150 6th Avenue
S.W., Calgary, Alberta T2P 3Y7, by calling 1-800-558-9071, or by email request
to info@suncor.com or by referring to the company's profile on SEDAR at
sedar.com or EDGAR at sec.gov. Except as required by applicable securities
laws, Suncor disclaims any intention or obligation to publicly update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise. 
Suncor Energy is Canada's leading integrated energy company. Suncor's
operations include oil sands development and upgrading, conventional and
offshore oil and gas production, petroleum refining, and product marketing
under the Petro-Canada brand. A member of Dow Jones Sustainability indexes,
FTSE4Good and CDP, Suncor is working to responsibly develop petroleum resources
while also growing a renewable energy portfolio. Suncor is listed on the UN
Global Compact 100 stock index and the Corporate Knights' Global 100.
Suncor's common shares (symbol: SU) are listed on the Toronto and New York
stock exchanges. 
For more information about Suncor Energy please visit our web site at
suncor.com, follow us on Twitter @SuncorEnergy or read our blog, OSQAR.  
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Suncor media inquiries:
403-296-4000
media@suncor.com
or
Suncor investor inquiries:
800-558-9071
invest@suncor.com
or
COSIA inquiries:
Nick Brown
403-818-2889
nick.brown@cosia.ca 
INDUSTRY:  Energy and Utilities - Oil and Gas  
SUBJECT:  PDT 
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-0- Jun/19/2014 21:53 GMT
 
 
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