Refining
In 1960 the company built an oil refinery in Saint John in partnership with Chevron. Irving bought out Chevron's share of the refinery in the late 1980s and expanded the facility to become Canada's largest refinery, processing over 250,000 barrels per day (40,000 m3/d). In the late 1990s, the refinery was upgraded to create some of North America's lowest-emission petroleum.
The refinery is served by the Canaport Marine Terminal at Mispec, southeast of Saint John. The terminal was constructed in 1970 to handle crude oil, and in 2009 was expanded to handle liquefied natural gas (LNG).
Irving Oil announced in fall 2006 that it had purchased more land near Canaport and was examining the feasibility of constructing another 300,000-barrel (48,000 m3) refinery in the area to complement the modernized 1960s-era facility. The company announced on July 24, 2009, that they will be indefinitely putting off the plans to build the second refinery.
Read more about this topic: Irving Oil
Famous quotes containing the word refining:
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