VANCOUVER—Pacific Future Energy Corp. one-time Reform Party leader and former International Trade Minister Stockwell Day Senior Advisor, Director, and chair of the company’s Advisory Committee
“We believe it is critical to Canada’s national strategic interest to gain access to international markets for Alberta’s oil. As the former federal regional minister for British Columbia, and a former Alberta cabinet minister, I have a unique vantage point from which to understand what it takes to make this happen,” Mr. Day said.
“This can only be accomplished in full partnership with First Nations, with true economic benefits for Canadians, including Albertans and British Columbians, all the while protecting Canada’s cherished west coast from the catastrophic effects of a possible bitumen spill,” added Mr. Day.
“We are very excited to have Mr. Day join our team,” said Samer Salameh, Executive Chairman of Pacific Future Energy. “Our project office is now up and running at a robust pace. Our goal is to finalize the refinery site by the end of 2014. We expect to enter into the regulatory process in 2015.”
The Pacific Future Energy hopes its refinery in B.C. will help expand Canada’s oil market access and eliminate the threat of a bitumen spill by refining bitumen in Canada before shipping. The refinery will utilize “Near Zero Net Carbon” emissions technology.
The $10 billion refinery is being designed to be built in modules, the first processing 200,000 barrels of bitumen per day, ensuring that it both is scalable and flexible. The bitumen will be converted into gasoline, diesel, kerosene and other distillates.
Vancouver-based Pacific Future Energy was founded to finance, design and build the world’s greenest oil refinery in British Columbia, Canada.