Come By Chance Refinery
 Come by Chance Refinery | |
  Location of Come By Chance Refinery in Newfoundland and Labrador | |
| Country | Canada |
|---|---|
| Province | Newfoundland and Labrador |
| City | Come By Chance |
| Coordinates | 47°47′57″N 53°59′45″W / 47.79917°N 53.99583°W |
| Refinery details | |
| Operator | North Atlantic Refining |
| Owner(s) | North Atlantic Refining |
| Commissioned | 1973 |
| Capacity | 130,000 bbl/d (21,000 m3/d) |
| No. of employees | 400 |
| Refining units | alkylation, isomerisation, distillation of crude oil, hydrocracking, reforming catalytic, cracking catalytic, desulphuration |
| No. of oil tanks | 50 |
Come By Chance Refinery (also known as North Atlantic Refinery) is a crude oil refinery located in Come By Chance in Newfoundland and Labrador, Canada. It has a refinery capacity of 130,000 barrels per day (21,000 m3/d). It is operated by North Atlantic Refining and was owned by Korea National Oil Corporation until 2014, when SilverRange Capital Partners, a New-York Based commodity merchant bank, bought the refinery. SilverRange is now Silverpeak Strategic Partners. On October 5th 2020, the deal with Irving Oil collapsed and the come by chance facility would close permanently wiping 400 direct jobs from Newfoundland. [1]
History
The refinery was built by John Shaheen's Shaheen Resources in 1971–1973. It was operated in 1973–1976 until the bankruptcy of Shaheen Resources. The refinery was restarted in 1986 by Newfoundland Processing Ltd. In August 1994, the Vitol Group purchased the refinery and the operating company North Atlantic Refining was founded. In October 2006, Harvest Energy Trust purchased North Atlantic Refining for $1.6 billion, and in October 2009, the company was purchased by Korea National Oil Corporation. The refinery was expanded to a capacity of 130,000 bbl after a revamp by Silverpeak in 2016. On May 28, 2020, Irving Oil announced that it would be purchasing the plant. [2]
References
- ^ Canadian Broadcasting Corporation (5 October 2020). "North Atlantic oil refinery in Come By Chance to close permanently".
{{cite web}}: CS1 maint: url-status (link) - ^ "History of the Refinery at Come by Chance". North Atlantic Refining. Archived from the original on 2016-06-11. Retrieved 2010-01-24.
External links
 | This article includes a list of general references, but it lacks sufficient corresponding inline citations. (August 2009) |
- Refinery (North Atlantic Refining website)
- Vitol and Harvest Energy Announce Improved Terms For crude oil supply and refined product offtake agreement (Vitol website)[permanent dead link]
- Come By Chance refinery up for sale, CBC.ca, December 16, 2005
- Harvest Energy Pays C$1.6B for Vitol's North Atlantic Refining
- [1]
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