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Parkland Eyes High-Yield Bond Sales in M&A, Refinancing Push

Parkland Eyes High-Yield Bond Sales in M&A, Refinancing Push
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Parkland sets new low carbon fuel production record at its Burnaby Refinery and targets 125 ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. ....

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Parkland sets new low carbon fuel production record at its Burnaby Refinery and targets 125 percent annual production growth in 2021 Toronto Stock Exchange:PKI

( MENAFN - GlobeNewsWire - Nasdaq C )ALGARY, Alberta, Feb. 17, 2021 (GLOBE NEWSWIRE) Parkland Corporation ( Parkland , we , the Company , or our ) (TSX:PKI ) today announced it co-processed approximately 44 million litres of Canadian-sourced canola and tallow bio-feedstocks in 2020 and aims to increaseÂ this toÂ up to 100 million litres in 2021.
Our Refinery is focused on delivering the essential fuels our customers depend on, but with lower carbon intensity, said Ryan Krogmeier, SVP Supply, Trading, Refining and Health, Safety and Environment. This is a made in Canada success story. We continue to ramp-up our use of Canadian bio-feedstocks and scale our innovative co-processing capabilities. In addition to providing our British Columbia customers with low carbon gasoline, diesel and jet fuel, we are growing a competitive advantage that will win new business and drive organic growth. ....

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Trans Mountain project remains on safety stand down

A Trans Mountain spokesperson told KTW the project-wide safety stand down remains in place.
“We are in the final stages of our restart planning and anticipate that we will be providing further details on restart dates in the coming days,” the spokesperson said on Jan. 7.
When announcing a halt to work in December, Trans Mountain CEO Ian Anderson cited safety issues. On Dec. 15, a contractor was seriously injured in an incident at the Burnaby terminal, where the 1,150-kilometre pipeline ends. On Oct. 27, a worker was killed at a Trans Mountain site outside Edmonton.
“Over the past two months, we have seen safety incidents at our worksites that are unacceptable to Trans Mountain. This is inconsistent with Trans Mountain’s proud safety culture,” Anderson said at the time. He did not specify which safety incidents he was referencing. ....

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Trans Mountain pipeline expansion work halted until new year

Work is expected to resume on Jan. 4, 2021.
“Our top priorities remain the safety of our workers and maintaining a safe work environment as we continue to work towards the successful completion of this critical Canadian project,” Ian Anderson, president and CEO of Trans Mountain, said in a release.
“Over the past two months, we have seen safety incidents at our worksites that are unacceptable to Trans Mountain. This is inconsistent with Trans Mountain’s proud safety culture.”
Anderson said the Crown corporation will use the downtime to “review, reset and refocus our efforts and those of our contractors and their workers.” ....

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