Hi Guys,
This Hurdle has been "Jumped" - Word came out Week before last via TSX announcement, SEDAR too I'm sure....
next is Alberta Govt. Cabinet Rubber Stamp.....(hopefully Oct. Session).
As for Upgraders Vs Refiners : My 10 Cents worth is..... Upgraders convert Bitumen to a few Building Block Hydrocarbon Products (not as many Column Trays in Distillation Columns). Upgrading makes Upgraded Bitumen easier to Process or Split further. (To my knowledge) 2CRUDE can explain better ...
Refineries, which don't usually handle Heavy or Synthetic Feedstock can gve you the "full Meal Deal" from Propane to Asphalt (via a Catalytic Cracker).
Here's to a Happy Thanksgiving tomorrow to all in Canada, and to our American Cousins for November 27th - Plus a quick Stock Market healing & recovery!!
SB