Koch brothers gear up for Canadian oil sands development

VANCOUVER — U.S. billionaire industrialists the Koch brothers garnered headlines when it was revealed the group's Canadian oil arm was the largest foreign stakeholder in the Alberta oil sands, with registered holdings of at least 4,451 km² according to Alberta Energy.

And it looks like Koch Oil Sands – a Calgary-based subsidiary of Koch Industries – has kick started the permitting process to develop its Dunkirk in situ project 76 km west of Fort McMurray. …

According to regulatory filings, the proposed operation would recover bitumen using steam assisted gravity drainage (SAGD) technology and have a capacity of 60,000 bbl/day – developed in two phases of 30,000 bbl/day.

Read the complete story at NorthernMiner.com/news/koch-brothers