Pendulum Energy Inc. is the parent company behind Birdie Energy Inc. — developing a large-scale bitumen partial upgrader at Hardisty and a gas-to-liquids facility in Edmonton.
A straightforward structure built for lender and investor diligence, with each project ring-fenced at the operating-company level.
The parent holding company overseeing the Birdie Energy platform and its development projects.
Birdie Energy Inc., the principal operating subsidiary of Pendulum Energy Inc., is responsible for project development, construction management, operations, and commercial activities across the platform. BEI holds the operating licenses, land positions, and commercial agreements required for each flagship project, and leads engagement with government, rail, and capital partners on their behalf.
Ring-fenced project companies under Birdie Energy Inc., each with independent financing and development timelines.
A proposed 100,000 barrel-per-day partial upgrader to be developed by Birdie Energy Inc. at Hardisty, Alberta. The plant processes heavy crude feedstock sourced from multiple Alberta crude streams via direct pipeline access to produce paving-grade asphalt, vacuum gas oil (VGO), recovered diluent, and a high-sulphur diesel cut.
The plant is a partial upgrader — not a conventional refinery — and does not perform full hydrocracking conversion, a distinction fundamental to the project's capital efficiency and permitting strategy. Positioned at one of North America's largest crude oil hubs — origin point for the Enbridge Mainline, Keystone, and Trans Mountain systems — with direct pipeline access to several heavy crude streams securing long-term feedstock supply.
A Diluent Recovery Unit (DRU) operates on a fee-for-service basis, active when economics favour diluent recovery, recovering diluent from incoming dilbit streams for return to producers.
A proposed gas-to-liquids facility to be developed by Birdie Energy Inc. in the Edmonton Industrial Heartland, converting pipeline natural gas into premium ultra-low sulphur diesel (ULSD) through Fischer-Tropsch synthesis. Configured as two independent unit trains, the design provides operational redundancy, phased commissioning, and the option to finance or divest each train separately.
North American refining capacity has not kept pace with distillate demand, and new capacity typically requires years of permitting and billions of dollars in capital before it comes online. This structural tightness in diesel markets underscores the strategic value of a dedicated, single-output diesel facility positioned to serve premium Western Canadian markets.
Over four decades of continuous Canadian crude oil, natural gas liquids, and energy infrastructure experience.
Over four decades in Canadian crude oil and NGL marketing, trading, and contract negotiation. President of Pendulum Energy Inc. since March 2016, previously leading a continuous succession of Calgary-based crude trading companies. B.Comm., University of Montreal (Loyola), 1978.
Over 40 years in the petroleum industry and a recognized asphalt expert. Formerly VP Operations & Marketing at Crown Asphalt and General Manager at Petro Source Refining. Based in Utah; leads project execution and process engineering for the asphalt platform.
Over 40 years of energy finance experience, including VP Finance at Par Pacific and Treasurer at High Sierra Energy. Closed 8 credit facilities totaling $1.8B over 4 years. Finance degree, MBA in Finance, JD, and LLM in Tax.
Lender-grade. Institutionally structured. Built for the long term. For investor, lender, or government enquiries, reach the team directly.