Pacific Future Energy Corporation To Build “Green” Oil Refinery In British Columbia, Canada
06/10/2014
The refinery is being designed to be built in modules, each processing 200,000 barrels of bitumen per day, ensuring it is scalable and flexible. The bitumen will be converted into gasoline, diesel, kerosene and other distillates. When all of the project modules are complete, the facility will process up to 1,000,000 barrels per day, starting with the first phase of 200,000 barrels per day.
"We believe this is an incredibly unique opportunity to build the greenest refinery in the world and there's no better place than BC," said Samer Salameh, Executive Chairman of Pacific Future Energy. "Our pre-feasibility study has begun, which will analyze the economic, social and environmental aspects of the refinery and help to determine the prospective site and expect to launch our feasibility and regulatory process in the next 9-12 months."
The Pacific Future Energy refinery in BC will create thousands of long term jobs and economic stability at home by expanding Canada's oil market access, the company said. “While we believe it's in Canada's national strategic interest to gain access to international markets for Alberta's oil, especially the fast growing Asian market, the company believes it shouldn't be done at the sacrifice of BC's coast or broader environment and must be done in full partnership with First Nations.”
"The combination of our strong management team, economically sound and environmentally superior refinery and access to international markets has made this very appealing to investors in the initial stage." Salameh said. "By shipping refined products, we will eliminate the threat of a heavy oil spill. By building a refinery, based on NZNC emissions standards, we will reduce the emissions that contribute to global climate change."
"From the very beginning, and every step of the way, our partnership with First Nations will ensure that we all benefit from traditional and ecological knowledge, while respecting their rights to full consultation and accommodation—all with the goal of shared prosperity and health for future generations," added Jeffrey Copenace, Vice President, Indigenous Partnership.
Project Announcements
United Arab Emirates-Based Hotpack Plans Edison, New Jersey, Manufacturing Operations
05/12/2025
SSAB Expands Axis, Alabama, Production Operations
05/12/2025
Carnival Corporation Plans Miami, Florida, Headquarters Operations
05/12/2025
Merck Animal Health Expands De Soto, Kansas, Manufacturing Operations
05/12/2025
Oxford Technologies Plans Bay County, Florida, Manufacturing Operations
05/12/2025
PPG Plans Shelby, North Carolina, Manufacturing Operations
05/12/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
The Location Economics of Advanced Nuclear
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Is It Time to Start Planning for Quantum Data Centers?
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024