Parkland acquires downstream assets in Canada
10 October 2017
Parkland Fuel Corp. has announced the closing of its acquisition of Chevron Canada R & M ULC, which operates a downstream fuel business in British Columbia and Alberta. The acquisition includes:
• A 55,000 bpd light/sweet crude refinery, located in Burnaby, BC
• 129 Chevron-branded retail service stations, principally located in the Greater Vancouver area
• 37 commercial cardlock locations in BC and Alberta
• Three terminals located in Burnaby, Hatch Point and Port Hardy, BC
“With this acquisition, Parkland is also acquiring the Burnaby Refinery, a proven asset that directly supports our core fuel marketing business in an important region, and enhances our supply advantage,” said Bob Espey, President and CEO of Parkland.