Reeve hopes $8.5B SinoCan refinery to call Lamont County home


Reeve hopes $8.5B SinoCan refinery to call Lamont County home

Posted on Friday September 28, 2018 at 02:11PM

 Fort Saskatchewan Record - September 27, 2018

The reeve of Lamont County is hoping a multi-billion dollar proposed refinery makes its way to the area.

Last week, it was learned that a consortium of Alberta First Nations inked a deal with Chinese investors to get a once shuttered bitumen refinery up and running. In 2012, the former Progressive Conservative government under Alison Redford pulled provincial support for the refinery, then priced at $6.6 billion. Provincial officials argued at the time that the project was too risky.

Now the Alberta First Nations Energy Centre, along with Teedrum as managing partner, plans to build a bitumen upgrading and petrochemical refining facility, which is expected to process 167,000 barrels of diluted bitumen per day, near Edmonton. An early estimate pegs the project at around $8.5 billion.

Lamont County Reeve Wayne Woldanski hopes that location is in the county. The likelihood appears to be high as the project already has a 2,400-acre site in Lamont. Woldanski said the county is very optimistic.

“It is a huge project and certainly it would put a huge economic spin on the county especially with all the local employment it would create,” he said. “There would be thousands of construction jobs and long lasting operational jobs once it is completed. It would be a big anchor tenant in our Heartland area that’s for sure.”

Read the Full Story from the Fort Saskatchewan Record.

Related Articles:
Fort Sask Online - Lamont County eyeing up multi-billion dollar refinery
Lamont Leader - $8.5 billion refinery announced with Lamont County a front runner
Edmonton JournalFirst Nations backed proposal for $8.5-billion refinery revived by Chinese investment

Author: Lamont County Now


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