Seeking Alpha – Vancouver firm pitches “world’s greenest” refinery for west Canada coast

  • Privately-held Pacific Future Energy Corp. says it is in the early stages of planning a $10B oil refinery on Canada’s west coast that it claims would be “the world’s greenest refinery” and built in full partnership with British Columbia’s First Nations, many of whom are strongly opposed to proposals to ship crude to the west coast for export.
  • Canada’s government is poised to decide whether to approve Enbridge’s (ENB) Northern Gateway pipeline project, which would require huge tankers full of heavy oil to navigate the rough waters of the Douglas Channel on their way out into the Pacific.
  • The Pacific Future proposal would mean refined products, rather than heavy oil, would be shipped on tankers to Asia, making any potential spill much less environmentally damaging.

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