23 August 2012 18:12 [Source: ICIS news]
TORONTO (ICIS)--A Canadian entrepreneur is proposing a 550,000 bbl/day refinery at Kitimat in ?xml:namespace>
David Black, a British Columbia-based media entrepreneur, said he wants to start work on the Canadian dollar $13bn ($13bn) refinery in 2014.
The Kitimat refinery would process crude and oil sands shipped in from
In a next step, Black’s company, Kitimat Clean, plans to submit the project for environmental assessments.
In his project proposal, Black argues that the export of refined oil products is environmentally safer than exporting unprocessed crude oil. Current plans for the Northern Gateway project envisage the export of crude from Kitimat.
Importantly, the Kitimat refinery would create jobs from Canadian oil in Canada, rather than in the
“We are the largest exporter of crude oil to the
However, industry observers and media commentators said they doubted that a new refinery in
In recent years, Shell and Canada's Irving Oil cancelled plans for new refineries in
($1 = C$0.99)
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