Private equity firm to buy idled oil refinery in Canada

Private equity firm to buy idled oil refinery in Canada
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28.07.2021

MOSCOW (MRC) -- Private equity firm Cresta Fund Management has agreed to buy a controlling stake in idled Canadian 135,000-barrel-per-day (bpd) Come-by-Chance refinery, a fund representative said, with the aim of converting it to renewable fuels production, reported Reuters.The refinery, owned by North Atlantic Refining Ltd (NARL), has been idled for more than a year.Several refiners sinc

Full article at mrcplast.com

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