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North Atlantic Oil Refinery
The North
Atlantic Oil Refinery is located at the head of
Placentia Bay. It has a rated crude production capacity
of 115,000 barrels per day and storage capacity of more
than seven million barrels of oil and finished fuels.
This deep-water facility is capable of receiving
ultra-large crude tanker ships of up to 326,000 Dead
Weight Tons directly at its dock.
The refinery's clean fuel hydrocracker technology takes
sour crude from around the world and refines it into
cleaner low-sulphur fuels.
North Atlantic Refining has invested more than $600
million in upgrades since 1994 and currently employs
approximately 700 workers. Exports from the refinery
exceed $2 billion per year. While some of the refinery’s
output is sold in the province, most is marketed in the
Northeastern United States.
As of October 2006, North Atlantic is a wholly-owned
subsidiary of Calgary, Alberta-based Harvest Energy
Trust. |
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