By OGJ editors
HOUSTON, July 24 -- Irving Oil and BP PLC have suspended plans to build a 300,000-b/d refinery at St. John, NB (OGJ, Mar. 24, 2008, Newsletter).
The companies said an 18-month feasibility study determined the Eider Rock project “was not viable at a time of global economic recession and dampening forecasts for petroleum product demand in North America.”
Privately held Irving operates a 250,000-b/d refinery at St. John.