23 February 2008

Come by Chance refinery owner studying expansion options

Harvest Energy has engaged SNC Lavalin to review three options aimed at expanding production capacity at a 30 year old medium sour crude refinery (API 29-30, 2.2 to 2.5% sulphur) at Come by Chance, Newfoundland, according to Reuters

The refinery currently process 115,000 barrels per day.  The options, each reportedly costed at around US$1.0 billion, would bring the capacity to at least 155,000 barrels per day.

The project would be sanctioned by late 2008 with completion by 2010/2011.

According to Reuters, Harvest Energy:

... is studying a major expansion of processing capacity, a project to convert about 30,000 barrels a day of low-value residual fuel oil into more valuable low-sulphur diesel or gasoline, as well as installation of new equipment that would allow it to process heavier grades of crude oil.