19 June 2013 14:10 [Source: ICIS news]
TORONTO (ICIS)--ExxonMobil’s Canadian Imperial Oil affiliate has decided to convert its 88,000 bbl/day refinery at Dartmouth in Canada’s eastern Nova Scotia province into a fuel terminal, it said on Wednesday.
Imperial’s move comes after it failed to find a buyer for the plant over the past year, it said.
The company expects to begin work on the conversion this year, it added.
Imperial Oil CEO Rich Kruger said the failure to attract a buyer illustrates “the challenges of operating a refinery of Dartmouth’s scale in the competitive conditions of the Atlantic Basin market”.
The refinery has about 200 employees and it also employs about 200 contractors.
In addition to Dartmouth, Imperial has two refineries in Ontario and another in Alberta. The company also has petrochemical operations in Sarnia, Ontario.
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