Canada Building Its First New Refinery in Over 30 Years

Bloomberg, May 31, 2017

Canada's first new refinery in more than 30 years is scheduled to open later this year southwest of Alberta's oil sands. The Sturgeon plant, a joint venture between Northwest Redwater Partnership and Canadian Natural Resources Ltd., will reportedly cost about $6.3 billion (USD) to complete and is expected to begin turning oil-sands bitumen into diesel by the end of the year. Bitumen is a molasses-like substance extracted from oil sand that is so thick, it has to be blended with condensate or upgraded into synthetic oil to be processed. 

Click here to read the full article from Bloomberg.

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