While Others Wait for Market to Improve, Construction of $1.9 Billion Expansion Continues at Canadian Refinery

SUGAR LAND--December 4, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Consumers Co-operative Refineries Limited (CCRL) (Regina, Saskatchewan) is not letting current market conditions deter it from moving forward with construction of the $1.9 billion expansion project currently under way at its Regina refinery. The project consists of several new unit additions and major revamps to existing units. Construction on the new units began in the summer of 2009, and revamp modifications are expected to begin in the spring of 2010. The entire project will be complete in 2012 and will increase the total output of Saskatchewan's only oil refinery from 100,000 barrels per day (BBL/d) to 130,000 BBL/d.

Other companies featured: Aecon Group Incorporated (TSX:ARE), BP plc (NYSE:BP), Suncor Energy Incorporated (NYSE:SU)