Canada's Cenovus Plans Higher Capex for 2022, to Complete Rebuild of Wisconsin Refinery

SUGAR LAND--December 9, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Cenovus Energy Incorporated's (NYSE:CVE) (Calgary, Alberta) capital investment plan for 2022 includes spending to finish rebuilding and upgrading the Superior Refinery in Wisconsin, which was shut down following a fire and explosion in 2018. On Wednesday, the integrated oil and gas company unveiled its capital spending plans for 2022, which runs C$300 million (US$237 million) higher than this year's estimated spend.