Suncor Energy Inc.

Suncor Energy Inc.

September 25, 2007 00:00 ET

Suncor invests in gasification company

Calgary, Alberta (September 25, 2007) — Suncor Energy has invested in GreatPoint Energy, Inc., a clean technology company whose gasfication process could enable Suncor to convert petroleum coke, a by product of its oil sands operations, into clean natural gas, while also sequestering carbon dioxide (CO2).

GreatPoint Energy announced plans yesterday to proceed with the building of a synthetic natural gas manufacturing demonstration plant after raising US$100 million from several major investors, including Suncor.

The demonstration plant is intended to prove GreatPoint's catalytic gasification technology, which converts abundant, low-cost carbon feedstocks — such as coal, petroleum coke and biomass — into natural gas. As part of its proprietary process, the company removes and captures mercury, sulphur, CO2 and other components from the feedstock to produce a pure stream of methane. Following planned construction of a demonstration plant, potential commercial facilities would be built in locations where CO2 can be locally sequestered.

Suncor is investigating options for gasification of petroleum coke as a way to reduce its reliance on natural gas, which is used to cogenerate both steam and electricity, as well as to produce hydrogen, for its oil sands operation. Suncor's investment in GreatPoint reflects another way in which Suncor is working to develop new technologies that help the company efficiently generate crude oil products in a way that is responsible to the environment.

Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout Western Canada produce natural gas. Suncor operates a refining and marketing business in Ontario with retail distribution under the Sunoco brand. U.S.A. downstream assets include refining operations in Colorado and retail sales in the Denver area under the Phillips 66® brand. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

Sunoco in Canada is separate and unrelated to Sunoco in the United States, which is owned by Sunoco, Inc. of Philadelphia. Suncor Energy (U.S.A.) Inc. is an authorized licensee of the Phillips 66® brand and marks in the state of Colorado.

GreatPoint Energy, Inc. is the leading developer of catalytic gasification technology to convert coal, pretroleum coke and biomass into natural gas.  Utilizing its proprietary conversion and carbon capture technology, GreatPoint Energy produces ultra-clean natural gas from widely abundant domestic feedstocks.  Bluegas™, GreatPoint Energy's natural gas product, meets all environmental requirements and can be transported throughout North America by existing pipeline infrastructure, delivering an effective alternative to drilled and imported natural gas.  GreatPoint Energy was founded by Andrew Perlman, Avi Goldberg and Aaron Mandell; serial entrepreneurs who have been building successful technology companies for the past decade.  The company is headquartered in Cambridge, MA with pilot and engineering facilities in Des Plaines, IL.  For additional information, please visit

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For more information, contact:
Brad Bellows
Suncor Energy Inc.

Keith Watson
fama PR