Shell Canada Gives Up on Alberta Refinery Project, an Industrial Info News Alert

Researched by Industrial Info Resources (Sugar Land, Texas) — Earlier in July, Shell Canada Limited (Calgary, Alberta), a subsidiary of Royal Dutch Shell plc (NYSE:RDS.A), gave up on its plan to build a $15 billion heavy oil refinery in Sarnia, Ontario, along the St. Clair River. The planned 10,000-acre refinery would have been built near the Canadian-American border where several refineries already exist. Shell Canada has now asked employees to stop the design and development work on the project. The company called a stop to the refinery project after comprehensive evaluation of environmental impact, market situation and the inflation pressure that the oil and gas industry is currently facing.

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SOURCE: Industrial Info Resources