Toledo refinery to get 2.5 billion dollar re-tooling

From the Financial Post:
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Plans for Sunrise call for a steam-assisted gravity drainage project, where steam is pumped into the earth to loosen up the tarry bitumen in the oil sands so it can be pumped to the surface in wells.

Husky and BP also co-own a refinery in Toledo, Ohio, which is targeted for US$2.5-billion of retooling work so it can run the oil sands-derived crude.

The partners already have the needed approvals in place but have not yet given the project a final green light. However, Husky said it expects production at the site, which contains an estimated 3.7 billion barrels of bitumen, to begin in the second half of this year, with production expected in 2014.

Read more: http://www.financialpost.com/news-sectors/story.html?id=2464974#ixzz0dCs...

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Part of larger upgrade:
http://nbbusinessjournal.canadaeast.com/front/article/927206

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