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.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections