October 13, 2005

Alberta plans $7B refinery

Alberta plans $7B refinery -- Would be on par with giants in U.S. Gulf Coast Claudia Cattaneo and Jon Harding, Oct. 13, 05, National Post

CALGARY - The Alberta government and 16 industry sponsors are looking at building a giant, $7-billion refinery complex near Edmonton, the first in North America in a quarter century. [. . . . ]

"We have this massive amount of production coming on stream," he said. "We can take $12 to $20 and create a job or two per barrel of bitumen, or we can create synthetic crude and spin off more jobs and get close to the benchmark crude price, or we can go to the next level and get $68 to $120 of incremental value and a spinoff of 15 to 20 jobs."

The study is backed by such industry heavyweights as Agrium, BP PLC, Canadian Natural Resources Ltd., Enbridge Inc., EnCana Corp., Nova Chemicals Ltd., Petro-Canada, TransAlta Corp. and TransCanada Corp. [. . . . ]


The names of the rest of the companies involved?


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