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NEWS RELEASE

May 1, 2023

Value Creation Inc.
Heartland Complex Regulatory Application

Value Creation Inc. ("VCI") strives to Catalyse Profitable Transition of Oil Sands Industry to [ C – Neutral Clean Oils ],
paving the way for eventual [ Net-Zero Clean Power ].

Value Chain Solutions Inc. ( “ VCS “  ), our wholly owned subsidiary, will play a pivotal role, providing “ commercial business models ” for each stage of the transition … to be later implemented at resource regions.

With the new strategy, VCI will withdraw its current Expansion Application and the corresponding IAP, with the intention to submit an application for a large Merchant SDC Complex ( with low emissions ) upon commercial operation of SDC-1

As Stage 2 of our development, VCI plans to submit an application for Salt Cavern development of 477,000 m3 ( about 3 million barrels ), with integrated operation with SDC.


 

October 24, 2019

Alberta Government announced the cancellation of the Funding Programs for Partial Upgrading and Refining...The Government has, however, recommended Value Creation Group (“VCG”) to pursue a separate new program which, in fact, could better serve our alliances.

September 09, 2019

Athabasca Chipewyan First Nation, Chipewyan Prairie First Nation, First Nation #468,  and Value Creation Group jointly announce              an Alliance Agreement, targeting to reach a Definitive Business Agreement within Q4 2019.

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The Alliance Partners will jointly work with Government and Industry, to bring to fruition VCG’s  Mission :

 

to transform [ Oil Sands to Clean Oil Industry ]

 – Economically , Competitively  and Sustainably, while Unearthing Huge ( latent ) Global Markets.

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The alliance will extend beyond the first 3 First Nations.

July 30, 2019

VCS is considering an enhanced commercialization option ( in due consideration of potential market interests and based on business   development efforts of the company ) to:

 

  • Accelerate the project implementation of the VCS – Heartland Complex  up to the full approved capacity of 188 kbpd                                         ( instead of the previously planned 77.5 kbpd, as Phase 1 ).

 

  • Broaden its Product Portfolio to provide Clean, Premium Crudes and High Quality / Value Specialty Products

January 22, 2019

July 05, 2016

Completing Transformational "Value Chain Solutions" for Oil Sands Industry

March 09, 2015

Further to the announcement (on March 2, 2015) of its corporate transformation to provide Value Chain Enhancement Solutions (VCS) to Oil Sands and Refining Industries, Value Creation Inc. (VCI) is pleased to announce the Regulatory Approval of its Clean Oil Cracker (COC) at its Heartland Complex ( now called VCS-H).

March 02, 2015

"ViBrant Petroleum Ltd (holder of VCI working interest in Terre de Grace Partnership) and Value Creation Inc. have completed an amalgamation pursuant to the Business Corporation Act (Alberta). Together with the amalgamation of BA Energy Inc. and Value Creation Inc. on February 23, 2015."

March 31, 2013

Dispensing with Diluent...

March 15, 2010

"...announced today that it has entered into a Partnership with BP Canada to develop one of VCI’s
large oilsands lease blocks – Terre de Grace (“TDG”), in the Athabasca region."

March 05, 2008

"Value Creation Inc. announces that BA Energy Inc. has become a wholly owned
subsidiary of Value Creation effective February 26, 2008."

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