"Suncor views our branded sales channel as key to our success in Colorado," [image-nocss] said Steve Douglas, vice president of supply and marketing. "This agreement positions Suncor well to continue to provide quality fuels to our marketers and consumers under the Shell brand."
He added, "Signing our agreement with Shell now gives Suncor ample time to transition our network of branded marketers to the Shell brand offering."
Suncor Energy U.S.A. owns 44 Phillips 66-branded retail locations throughout Colorado and supplies fuel to another 140 Phillips 66 sites through its branded marketer network.
In late March, parent company Suncor Energy Inc. announced an agreement to acquire Calgary, Alberta-based Petro-Canada. Upon completion of the $19.12 billion (Canadian; $15.5 billion U.S.) transaction, the combined entity will operate corporately and trade under the Suncor name, while maintaining the brand presence and customer loyalty of Petro-Canada, which operates a network of approximately 1,500 retail and wholesale outlets across Canada. (Click here for previous CSP Daily News coverage. Also click here.)
Suncor Energy U.S.A. is a wholly owned subsidiary of Suncor Energy, an integrated energy company also based in Calgary. Suncor Energy U.S.A.'s business includes refining operations and retail sales in Colorado under the Shell and Phillips 66 brands and pipeline operations in Colorado and Wyoming.