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This refinery is actually in stand-by but the plant hasn't been destroyed. It made some petrochemical product essentially and some products for the Montreal oil industries. Petromont is owned by Dow Chemical and the Société générale de financement du Québec. Its Total Industrial Refining Capacity is 58 000 bpd.
Montreal had long been Canada's refining center with 8 refineries and large chemical plants in operation at its peak. Economist D. Chretien noted that "well before Calgary, Montreal was the hub of activity for oil refineries because Montreal was the principle consuming market for petroleum products in Canada."
In June 1986 Montreal-based engineering firm Lavalin Inc. announced it was purchasing the refinery and would re-open it. [4] In 1986 the refinery and its 210 000 m2 site was sold to Kemtec Petrochemicals which converted the plant to produce paraxylene. The plant came on line in 1989 and operated until 1991. That year Kemtec filed for bankruptcy.
The Montreal East Refinery (French: Raffinerie de Montréal-Est) was an oil refinery located in Montreal East and formerly Shell Canada's largest refinery. In October 2010, refinery operations permanently ceased and the facility was subsequently converted into a storage terminal .
As of 2009, Syncrude and Irving Oil were leaders in the Canadian industry, with Syncrude being the top producer of oil sands crude and Irving Oil operating the largest oil refinery in the country. [5] Canadian oil company profits quickly recovered following the 2008 financial crisis; In 2009 they were down 90% but in 2010 they reached $8.4 billion.
Pages in category "Oil refineries in Canada" The following 15 pages are in this category, out of 15 total. ... (Gulf Oil Canada) Montreal East Refinery (Shell Canada)
The Canadian petroleum industry developed in parallel with that of the United States. The first oil well in Canada was dug by hand (rather than drilled) in 1858 by James Miller Williams near his asphalt plant at Oil Springs, Ontario.
In 1972, oil and gas production was 22,132 barrels-per-day, up from 18,582 the previous year. [13] The 1973 oil crisis instigated by OPEC created havoc in global oil markets, however, in 1974 BP Canada increased its profits by 82 percent. In 1975 the company completed a 40,000 barrels-per-day expansion of the Oakville Refinery and completed the ...