Crude By Rail Canada: Tank Car & Railroad Safety 2014
Organization: Canadian Business Conferences
|Event Date/Time: Dec 09, 2014||End Date/Time: Dec 10, 2014|
With only 14,000 tank cars meeting the proposed rail car safety standards and 1.7 million b/d of additional crude oil supplies from Western Canada forecast to be available by 2020, there are obvious needs for investment and expansion to comply with new regulations to ensure increasing amounts of product can be transported.
"ENSURING SAFETY WHILE MITIGATING THE OPERATIONAL AND COST IMPACT OF COMPLIANCE"
The key for crude by rail transporters now is to make sure safety is maintained and requirements met, while mitigating the operational and cost impact of compliance.
Therefore it is vital to the country's Tank Car Manufacturers, E&P companies, Transloaders, Class 1 Railroads and Refineries that the future landscape of the regulations is made clear to allow plans to be made for future expansion whilst practicing safe processes. It is in the industry's best interest that the cost of compliance is kept at the lowest possible price and that all options for strategic development are investigated.
For this reason, the Crude by Rail Canada, Tank Car & Railroad Safety 2014 Summit, has been purposely designed to bring together speakers from every key stakeholder group, including E&Ps, crude shippers, railroad operators, transloaders, rail car manufacturers and refiners and regulatory bodies to help stakeholders:
- Quantify the cost-impact of regulatory changes on DOT-111 tank car design, railroad capacity, and crude classifications
- Plan how to absorb compliance costs to ensure rail takeaway remains an economical and safe method of crude transport