Sentences with phrase «excess refinery capacity»

And now, the province's opportunity to move up the value chain appears to have been weakened by the growing network of pipelines leading stateside, where excess refinery capacity can be retrofitted to process bitumen at half the cost of building greenfield refineries in Canada.

Not exact matches

In their discussion of the downstream (refining) industry, Chevron's thinking is similar to Carbon Tracker's [5], assuming that lower refinery runs will lead to lower profitability and investment across the industry, with excess capacity forced to be rationalised.