Value Creation will operate the upcoming Heartland refinery, proposed to be built at Alberta in Canada. The non integrated refinery will be owned by Value Creation and is expected to start operations in 2025.
Key processes of the refinery
Crude Distillation Unit (mbd): 188
During the period 2021-2025, the Heartland refinery is expected to witness an estimated capex of $1,820m.
Contractors involved in the refinery
Some of the key contractors for the upcoming projects at the Heartland refinery include the following.
Main EPC: Jacobs Engineering Group.
About Value Creation
Value Creation Inc (VCI) is engaged in the development of oil sand resources. The company’s projects include Terre de Grace; Advanced TriStar (ATS); and TriStar Proof of Productivity (POP) Pilot. It holds interest in clean oil refinery, located in Alberta Industrial Heartland, which is engaged in the production of bitumen. In addition, it also provides value chain enhancement solutions to serve the oil sands and refining industries. The company’s products and services offered across Canada. VCI is headquartered in Calgary, Canada.
Methodology
Information on the refinery is sourced from GlobalData’s refinery database that provides detailed information on all active and upcoming, crude oil refineries and heavy oil upgraders globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.
