20 September 2013 17:56 [Source: ICIS news]
TORONTO (ICIS)--North West Redwater (NWR) is breaking ground on Friday on an oil sands upgrading and refining facility near ?xml:namespace>
The plant will turn bitumen from
The facility northeast of
NRW is a partnership between North West Upgrading and energy firm Canadian Natural Resources.
Ian MacGregor, chairman of North West Upgrading, told
In addition, processing the bitumen in Alberta would not require building another pipeline such as the controversial Keystone XL project from Alberta to refining markets on the US Gulf Coast, MacGregor said.
The Canadian dollar (C$) 5.7bn ($5.5bn, €4.1bn) North West Redwater project is not a traditional refinery, as it will focus on diesel and will not produce a range of refined products.
According to information on North West Upgrading’s website, the refinery will get its oil sands feedstock from Canadian Natural Resources and from a provincial government agency, the Alberta Petroleum Marketing Commission.
($1 = C$1.03, $1 = €0.74)
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