abarrelfull wrote on 19 Oct 2013 08:15
Tags: canada crc n-america refinery
Latest News
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- Want a weekly review of refining news?
Today, the
Co-op Refinery Complex (CRC), a wholly-owned subsidiary of Federated Co-operatives Limited (FCL) and its retail Co-op owners, celebrated the official opening of the
Section V expansion. The $2.7 billion expansion gives CRC the capacity to produce up to 130,000 barrels of crude oil per day, equivalent to seven billion litres of gasoline and diesel annually.
"Retail co-ops across Western Canada, 1.5 million individual co-op members and our many other customers are the beneficiaries today of the co-operative spirit displayed by those who built the foundation of this wonderful facility," said FCL CEO Scott Banda.
Banda added: "We also honour those who stayed true to the founders’ beliefs and principles over the decades. Thank you to our individual retail members and all refinery employees for the work you do each day supporting and making the Co-op Refinery Complex a highly successful part of our federation."
The expansion project was self-financed by FCL and retail Co-ops. It generated approximately $5 billion in economic activity in Saskatchewan. At the peak of construction, almost 5,000 additional people a day were on site helping to complete the project.
Section V expansion includes five new state-of-the-art processing units, bringing the total to 33. It also adds 14 more storage tanks and vessels as well as new firewater, flare, plant and instrument systems, cooling tower and electrical substation.
Fuel and oil products from CRC are sold to retail Co-ops and are available at approximately 380 gas bars, 315 card lock and 140 bulk fuel locations in communities large and small from Vancouver Island to northwestern Ontario.
FCL President Glen Tully told refinery employees and retail co-op representatives from across Western Canada and other guests that the refinery has a crucial role in the two major mega projects that occur every year in Western Canada: seeding and harvest.
"These two projects would not happen without the co-operative retailing system," Tully said. "Without the production capacity of the refinery, without the logistics capacity of the federation and without the support and delivery system of our member retails these two mega projects would be severely hampered."
CRC employs 880 people on a permanent basis. Employee salaries and benefits total more than $100 million a year. In addition, more than 1,500 people are employed and contracted annually during peak maintenance periods and routine maintenance turnarounds.
Other speakers during the official opening included Honorable Tim McMillan, Saskatchewan Minister Responsible for Energy and Resources, and CRC’s Gil LeDressay, Vice President Refinery Operations, and Dan McMurtry, Vice President Systems and Strategy.
