MadChemist
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- Sep 11, 2017
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Author of the article: Reid Southwick • Calgary HeraldSurely the Canadians are smart enough to build their own pipeline in their own country and build their own refineries for the sludge they want to pipe to Texass.
Publishing date: Jun 28, 2017 • June 28, 2017
Refinery cost soars to $9.3 billion, prompting call for auditor general review
An oil refinery under construction in northern Alberta — already dubbed a multi-billion-dollar boondoggle by a former Tory minister — is now even more expensive, triggering calls for an investigation by the province’s auditor general.
A recent report by investment bank AltaCorp Capital estimates the Sturgeon plant near Edmonton, Canada’s first refinery in decades, will cost roughly $9.3 billion, up from the previous estimate of $8.5 billion.
At full capacity, North West Refining’s Sturgeon plant would process 78,000 barrels of diluted bitumen into low-sulphur diesel fuel. With an estimated $9.3-billion price tag, the facility will cost $119,200 per barrel.
Refinery cost soars to $9.3 billion, prompting call for auditor general review
An oil refinery under construction in northern Alberta — already dubbed a multi-billion-dollar boondoggle by a former Tory minister — is now even more…calgaryherald.com
But again.. Moonglow is so smart about EVERYTHING so I"m sure she knew this!
That would be 78,000 Barrels per day. At 50$ per barrel, what is your payback ?