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Suncor Energy Restarts Construction of Halted $4 Billion Upgrader in Alberta

petroleum_refining

Industry Segment: Petroleum Refining | Word Count: 343 Words

SUGAR LAND--April 6, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Suncor Energy (NYSE:SU) (Calgary, Alberta) has restarted construction of the $4 billion Voyageur upgrader, which was halted in 2008 because of the slowing economy and declining oil prices. Suncor has formed a joint venture with Total S.A. (NYSE:TOT) subsidiary Total E&P (Calgary) to construct the upgrader. Suncor will have 51% ownership, and Total will have the remaining 49%.


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