Parkland's Burnaby refinery initiates restart

Parkland's 57,000 b/d Burnaby refinery in British Columbia has restarted units after the recent phased restart of the 300,000 b/d Trans Mountain crude and products pipeline in western Canada.

"Having maintained the refinery in ready-mode and following delivery of sufficient, consistent quality crude oil feedstocks via the pipeline, we are ramping up processing operations," Parkland senior vice president of supply, trading and refining Ryan Krogmeier said. "Throughout the pause in processing operations, we played a critical role importing essential fuels into our British Columbia terminals, from where they were stored and distributed to our customers across the lower mainland and Vancouver Island."

Burnaby was paused on 22 November after the shutdown of Trans Mountain on 14 November curtailed the refinery's access to crude supply. Trans Mountain restarted on 5 December at a limited capacity following a three-week precautionary shutdown amid heavy rains and flooding in British Columbia.

Burnaby's shutdown lasted around three weeks and will likely drag on Parkland's full-year financial performance. The company said it now expects full-year 2021 revenues of $1.25bn, at the midpoint of a previously provided guidance range of $1.25bn, plus or minus 5pc.

By Dylan Chase