Time to flick the Switch!!!
You know all that oil on the Grand Banks of Lake Ontario - well Shell plans to take advantage of that and build a refinery in Sarnia????
Now if all goes right the oil on the Grand Banks of Lake Ontario will be refined using hydropower from the Lower Churchill that great river that flows through Ottawa.
The following is from Reuters News
CALGARY, Alberta, Nov 23 (Reuters) - Shell Canada (SHC.TO: Quote, Profile, Research) said on Thursday it is assessing the viability of a new heavy oil refinery near Sarnia, Ontario, with a capacity of 150,000 to 250,000 barrels a day.
Shell Canada, the country's No. 3 oil producer and refiner, said it would spend about C$50 million ($44 million) next year for pre-development and front-end engineering for the proposal. It said a decision to proceed would be made in the next two to three years.
9 comments:
What other indignity do we have to suffer in this pariah of a country called Canada? If this plan is allowed to go ahead by the Government of NewfoundlandLabrador, well then it is time for Separation. There will be no other option. The time, indeed, will have come.
How would heavy oil from Newfoundland be refined in Sarnia when Sarnia is so far from the oil fields, Shell isn't involved in Hebron and, more importantly, there is no heavy oil production from Newfoundland right now?
My point was on the lack of the refining capacity for our sweet crude here - while Ontario without the resource flourishes.
But the story you quoted was about a heavy oil refinery. Isn't that where the demand is, for heavy crude refining?
The new refinery proposal is also for heavy sour and the Come by Chance refinery is geared for heavy oil.
Ontario has refineries because companies build refineries close to market. It lowers the costs. Venezuela bought a whole bunch of refineries in the US to get close to market.
Must be something I am missing here.
Yes our geography - and the main point - we should be a hub of petro-chemical and other secondary processing facilities - as we have the resources and the energy.
Maybe that clause in the Atlantic Accord which states NL can't build a refinery until all existing canadian capacity is filled, should have had a clause stating that NL would be the first place to get any new refineries once all the existing capacity is filled.
Yes it should have been changed with the last round of negotiations.
Sorry. I am still not getting it.
"Yes our geography - and the main point - we should be a hub of petro-chemical and other secondary processing facilities - as we have the resources and the energy."
But our geography does not put us at the heart of the market which is why the refinery is getting built in Sarnia. NL is farther away from the markets than Saint John which is part of the reason Irving is building as refinery there.
You also talked about a heavy oil refinery and not a refinery for what is coming from our offshore. That was part of the confusion. No one seems to be building sweet crude refineries because there are plenty of them out there already.
on another point, there is no clause in the Accord that says a refinery can't be built here. It's hard to change something that doesn't exist.
No - we disagree - we are at the heart of the market - it depends on which markets you are looking at.
No just a clause that deals with processing our own oil.
We can refine everything else here.
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