Husky Energy Announces Prince George Oil Refinery Upgrade

abarrelfullabarrelfull wrote on 26 Sep 2012 09:22

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March 22, 2004

Husky Energy announced today that it will proceed with upgrading its Prince George Oil Refinery to produce low sulphur gasoline and diesel fuels that meet the Government of Canada’s new fuel specifications. The estimated project cost will be $73 million (Cdn) and the facility is anticipated to be on-stream by the second quarter of 2005.

“Husky Energy is committed to continuous improvements in its operations facilities,” said Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy. “This investment in the Prince George Refinery complements our position as a responsible manufacturer and marketer of environmentally friendly fuels,” said Mr. Lau.

Mr. Lau further stated that, “the investment in upgrading the facility will make economic sense as Husky will not need to purchase an alternate fuel supply, and it will enhance Husky’s Refined Products division’s return on investment.”

The British Columbia Government has been a strong proponent of the project. B.C. Minister of Energy and Mines, Richard Neufeld stated, “Husky Energy has demonstrated its continued high level of environmental responsibility, including its ongoing commitment to clean fuel and clean air. The province is committed to encouraging opportunities for oil and gas industry investment in all regions of the province.”

“This is a significant investment in the region,” said Shirley Bond, MLA for Prince George - Mount Robson. “The completion of the Husky Energy project is good for the local economy and it will help improve air quality in B.C.”

“Husky Energy's substantial investment in upgrading its Prince George Oil Refinery will mean new construction jobs and investment for Prince George,” stated Pat Bell, MLA for Prince George North. “This is another clear indication that the Prince George economy is continuing to rebound.”

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