Search results
Introduction to the Canadian Refining Industry Refineries are a critical piece of Canada’s energy story. Crude oil is the second largest type of energy consumed in the country, and refineries are the key step in turning the raw commodity into high-value final products. They also represent a key part of the Canadian economy.
The estimated direct and indirect economic impacts of the U.S. refining industry in 2024 include 1.6 million direct and indirect jobs, $206 billion in labour income, $577 billion in direct and indirect value-added, and $1.6 trillion in what is known as “outputs,” i.e., the value of goods and services
May 28, 2021 · Ownership: The refining industry in Canada is dominated by a few large players, including Suncor Energy, Imperial Oil, and Husky Energy. However, there are also smaller, independent refineries. Capacity: According to the Canadian Association of Petroleum Producers, Canada has a total refining capacity of approximately 1.9 million barrels per day.
- Executive Summary
- Introduction
- Conclusion
Over the past two decades, Canada’s crude oil sector has been making a growing contribution to the operations of U.S. petroleum refineries. U.S. petroleum refineries are converting Canadian crude oil, including heavy oil, into products that people in the United States use daily, including transportation fuels (gasoline and diesel), chemicals, and p...
Over the past two decades, Canada’s crude oil sector has been making a growing contribution to the operations of U.S. petroleum refineries. Those refineries are converting Canadian crude oil, including heavy oil, into products that people in the United States use daily, including transportation fuels (gasoline and diesel), chemicals, and plastics. ...
According to the American Petroleum Institute and Wood MacKenzie, America’s refiners are a strategic asset for the United States and maintaining a viable domestic refining industry is critical to the nation’s economic security… Domestic refineries are competing directly with petroleum product imports. Because the refining industry operates on a glo...
projects that demand in OECD North America (the most relevant market for the Canadian refining industry) will decline about 11 per cent from current levels by 2035. While growing global demand creates attractive opportun-ities for Canada’s upstream oil industry, the competitive challenges facing the refining industry are very different.
May 27, 2024 · In Western Canada and Ontario, almost 50% of the crude oil processed by refiners is conventional light, sweet crude oil and another 25% is high quality synthetic crude oil. Synthetic crude is a light crude oil that is derived by upgrading oil sands. Most of the remaining crude oil processed by these refineries is heavy, sour crude.
People also ask
Who owns the refining industry in Canada?
Why is crude oil important to Canada's petroleum refining industry?
Are US refineries converting Canadian crude oil into products?
What is the refining capacity of Canada?
Why does Canada rely on the United States for oil refining?
What percentage of US refineries rely on Canadian oil?
The petrochemical industry in Montreal initially grew to support the industrial infrastructure of Quebec and Ontario. It was an industry traditionally based on feedstocks derived from the regional refining complex. However, in recent decades a contraction of activity parallel to that of the city’s refining sector has occurred.7. TOP OF PAGE
