REGINA – Officials at the Federated Co-operatives Limited refinery in Regina have unveiled a major expansion that increases production capacity to 145 thousand barrels a day of crude oil.
Bud Van Iderstine, senior vice-president of refinery operations, says the entire section five project took about seven years to complete.
The $2.66 billion dollar expansion includes five processing units, 14 additional storage tanks as well as a new plant, cooling tower and electrical substation.
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Officials say it makes the Regina facility the fourth largest refinery in Canada.
Scott Banda, CEO of Federated Co-operatives Limited, says the project is “absolutely enormous.”
He says the company is making a giant investment in Western Canada.
“We’re building a terminal at Carseland, Alta., right now; we’re investing in a number of corporate bulk plants and in our crude oil business as well we had a recent purchase last year,” Banda said.
Van Iderstine described the refinery expansion.
“There’s a crude processing facility, so we can bring crude in and that crude is a sweet upgrade crude that is sourced from Alberta. And then the heart of Section Five is a fluid catalytic cracking unit – we already have one of these units here, this is a larger cat cracker.”
(CKRM)
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