RE: RE: Kitimat Oil Refinery-Possible Solution for Enbridge will not back a refinery in Kitimat . A refinery would be another 5 years of wringling for permits and would meet as much resistance . the priveleged anti-development people are well supported at present and do not want jobs , although huge sums of money might satisfy them .
Refineries are shutting down in N.America , not being built . The last refinery built in N.America to feed markets remote from them was in Newfoundland . Before being profitable the capital used to build it was destroyed in multiple rounds of bankruptcy .
The last petrochemcial developement in BC was the methanol plant in Kitimat . Its projected cost ( in 1981 ) was 100 million but ended up costing 300 million . Ocelot , the company that built it was destroyed , and lost ownership after multiple ownership changes and bankruptcies . The plant became profitable for brief periods of time but eventually shut down . It has now been dismantled and is being rebuilt in China . So its a refinery remote from markets , and a large petrochemical development in BC , I'd say it has double the chance of dissappearing whatever capital was put into it .
Nobody in industry is going to build a refinery in this location . Its a pipe dream of a newspaper guy . I don't know what his angle is ? Apparently he is very shrewd in his profession and must know the same things I know , or get someone to do some research for him .
regards
G