$1-billion upgrade prepares Canadian refinery for future specs

Owners of Irving Oil Ltd.'s refinery in Saint John, NB, aim to increase economic and environmental performance by investing in a $1-billion (Can.) upgrade currently under way.The upgrade is the largest and most expensive project in the facility's history. It is also one of the largest refinery projects in progress in North America.This project is one step in Irving Oil's plan to ensure that it meets the 2005 target for sulfur in gasoline by 2002. This refinery upgrade is expected to be completed in the fall of this year.Every dollar created by upgrade-related employment is projected to generate an additional $2-3 in economic activity in the form of spinoffs. The spending assoc...

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