NWR wants to get started with Phase 2 of the Sturgeon Refinery as soon as possible to maintain efficiencies. Construction of Phase 1 has nearly reached its peak and the company wants to keep construction crews and design teams on the ground.
Although the risks are held by the feedstock providers, so are the benefits, said Doug Bertsch, who pointed out that the margin between the price of bitumen and the price of diesel fuel has held steady over the years.
“Even in these hard times this would make probably $200 million for the province,” he said. “That will pay for health care, that will pay for schools, for infrastructure.”
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Story courtesy of the St. Albert Gazette.VIEW ALL NEWS