From Yahoo Finance: 2025-06-06 10:27:00

Irving Oil is investing $100m in upgrading a key crude oil processing unit at its Saint John facility in New Brunswick. The project aims to enhance performance, efficiency, and reliability, with the refinery supplying fuel products across Atlantic Canada and the US north-east.

The modernisation effort will bring in approximately 675 skilled workers, boosting local employment and generating economic benefits. The work will be executed in phases throughout the summer and autumn, with Lorneville Mechanical among the contractors and suppliers involved in the upgrade project.

Irving Oil’s president and CEO, Jeff Matthews, stated that the FCCU Revamp Project is an essential investment in energy security for the regions they serve. The privately funded project honors the company’s past while ensuring a strong future as they continue to operate Canada’s largest refinery and provide a reliable supply of energy in critical markets.

Read more: Irving Oil unveils $100m FCCU revamp project at Saint John refinery