Page 6 - வாருங்கள் வழங்கியவர் வாய்ப்பு News Today : Breaking News, Live Updates & Top Stories | Vimarsana
New Coast CEO s controversial family concern
gattonstar.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gattonstar.com.au Daily Mail and Mail on Sunday newspapers.
New Coast CEO s controversial family concern
gladstoneobserver.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gladstoneobserver.com.au Daily Mail and Mail on Sunday newspapers.
Source: Reuters
The Dallas-based firm said in a letter dated Jan. 22 it would look to convert the refinery to renewable fuel production. The Newfoundland refinery has been shut since March, one of numerous refineries across the United States and Canada that have halted operations due to coronavirus-induced demand destruction.
Several refiners since then have announced plans to convert their operations to renewable fuels production to remain viable as both nations try to reduce emissions.
Canada’s Clean Fuel Standard (CFS) will require carbon-intensity reduction targets set for each fuel starting in 2022 and is projected to increase renewable fuel demand.
The refinery, operated by NARL and New York-based investment firm Silverpeak, is actively searching for a new owner.
Private equity firm bids for Canada s idled refinery
2/3/2021
Private equity firm Cresta Fund Management has offered to buy a majority stake in North Atlantic Refining Ltd (NARL), owner of the idled Canadian 135,000 barrel-per-day Come-by-Chance refinery, according to a letter reviewed by Reuters.
The Dallas-based firm said in a letter dated Jan. 22 it would look to convert the refinery to renewable fuel production. The Newfoundland refinery has been shut since March, one of numerous refineries across the United States and Canada that have halted operations due to coronavirus-induced demand destruction.
Several refiners since then have announced plans to convert their operations to renewable fuels production to remain viable as both nations try to reduce emissions.
Lukoil unit to remove crude stored at idled Come-by-Chance refinery
1/29/2021
The trading unit of Russia’s Lukoil plans to remove crude oil it has stored at the idled Come-by-Chance refinery in Newfoundland, Canada, three sources familiar with the matter said.
The Canadian refinery has been idled since last year, a casualty of coronavirus-induced demand destruction. Lukoil’s Litasco unit is its primary crude supplier, and currently is storing between 2 and 3 million barrels of oil there that it plans on re-exporting to sell elsewhere, the sources said.
Numerous North American refineries have had to shut as coronavirus restrictions sapped fuel demand. The refinery, operated by North Atlantic Refinery Limited (NARL) and New York-based investment firm Silverpeak, has been closed since March, and is actively searching for a new owner.
vimarsana © 2020. All Rights Reserved.