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 
CALGARY, ALBERTA -- (Marketwired) -- 06/19/14 --  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. 
Contacts:
Suncor media inquiries:
403-296-4000
media@suncor.com 
Suncor investor inquiries:
800-558-9071
invest@suncor.com 
COSIA inquiries:
Nick Brown
403-818-2889
nick.brown@cosia.ca
 
 
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