How many times do you spare a thought for oil refineries in general? They: – Refine every barrel of oil produced globally – Produce the transport fuels that drive the global economy – Are essential to reduce emissions – Produce petrochemicals – Employ several engineers, technicians, finance, and admin folks – Stir up feelings of national pride – Can whip up strong emotions about their ownership – Are a politically sensitive topic
…or even for Canada’s refineries specifically? – Canada has 18 refineries – Ontario and Alberta have 10 of the 18 refineries – A total refining capacity of nearly 2 million bpd – 60% of refining capacity is in the Eastern provinces – 13 of the refineries are less than 80years old – The oldest refinery was started up 126 years ago and is in Ontario The graphic below was produced based on data from Oil Sands Magazine