A U.S. company has announced plans to build an oil refinery near Stoughton in southeast Saskatchewan.
Quantum Energy has created a Canadian subsidiary, Dominion Energy Processing Group to build and run an oil refinery near Stoughton.
The companies website says the refinery would process 40,000 barrels per day and make retail gasoline, ultra-low-sulfur diesel, and jet fuel.
The proposed site is adjacent to a Crescent Point Energy gas capturing plant within the Viewfield crude oil production region.
In a news release, Quantum Energy said local and provincial governments have been very supportive of the project and have helped it move along.
The refinery near Stoughton is part of a plan from Quantum Energy to build five refineries within the Bakken oil formation.
The company’s website said it already has land option agreements in North Dakota and Montana.
A proposed 40 thousand barrel per day refinery in North Dakota would cost an estimated 645 million dollars.