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Parkland Corp T.PKI

Alternate Symbol(s):  PKIUF

Parkland Corporation is an international fuel distributor, marketer and convenience retailer with operations in 26 countries across the Americas. The Company’s segments include Canada, International, USA and Refining. Its retail network meets the fuel and convenience needs of everyday consumers. It also provides a range of choices to help them lower their environmental impact. These include renewable fuel sourcing, manufacturing and blending, carbon and renewables trading, solar power, and ultra-fast electric vehicle charging. With approximately 4,000 retail and commercial locations across Canada, the United States and the Caribbean region, it has developed supply, distribution and trading capabilities. Its commercial business provides commercial, industrial and residential customers with the essential fuels, propane, lubricants and services they need. Its Burnaby Refinery plays a critical role in supplying its customers in British Columbia with conventional and low-carbon fuels.


TSX:PKI - Post by User

Post by Mrlongpantson Nov 18, 2021 2:21pm
253 Views
Post# 34142052

GLTALongs.

GLTALongs.

Adds details on floods, Trans Mountain shutdown)

By Nia Williams

CALGARY, Alberta, Nov 18 (Reuters) - Parkland Corporation said on Thursday that its 55,000 barrel-per-day (bpd) Burnaby refinery is maintaining fuel supply to customers after floods in British Columbia shut the Trans Mountain pipeline and disrupted rail deliveries.

The 300,000 bpd Trans Mountain pipeline transports crude and refined products from Alberta to Burnaby. It was shut down as a precaution on Sunday as a phenomenon known as an "atmospheric river" dumped a month's worth of rain on southern British Columbia in two days.

Roads and railways, which also deliver fuel to the region, were washed out, effectively cutting off the lower mainland from the rest of Canada. The region depends on Trans Mountain for more than 80% of its fuel.

A spokeswoman for Parkland, which also sells gasoline and diesel to motorists through a network of retail service stations, said broader supply chains for essential fuels are resilient, but added that the company has contingency plans in place if the shutdown drags on.

"We have maintained fuel supply to our customers and, depending on the duration of the shutdown, we have some optionality and contingencies to import fuel from the Pacific Northwest into the lower mainland," Parkland spokeswoman Larissa Mark said. (Reporting by Nia Williams Editing by Bill Berkrot)

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