I heard that the Lloydminster ethanol plant and MEP ethanol were up for sale, anyone else heard this? Is it even possible to sell Lloydminster ethanol plant, isn't it integrated into the Lloyd upgrader?
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Ted Dibiase had no idea where two ethanol plants fit into the value chain.
Cenovus is selling all for the right price. Everything has a price! Ted Dibiase
Yeah it's a b.s. link. No matter tho, they're not selling those ethanol plants. Repairing the Lloyd one and back to business...
Lol. Fake link
Cenovus confirms talks for potential sale of assets - The ...
www.theglobeandmail.com › article25044933
Feb. 09, 2021 — Cenovus, the third largest integrated oil company, did not name the counterparty it is in talks with.
Umm. No one cares or even knows what this is. Fire sale it all I say!!!
There's no way they're divesting LEP, it's attached to the upgrader and is a core part of that area.
Any of those locked out articles specifically name LEP, MEP, or any other Husky/Cenovus non-core assets?
That daily oil bulletin article is locked. Anyone subscribe and can post the article for us to read?
https://www.dailyoilbulletin.com/category/asset-sales-and-acquisitions
yeah no, the husky ethanol plants aren't on the market. Lots of others are but none of those are the husky ones.
https://www.phxequip.com/plant.1935/ethanol-plant-130000-lpy.asp
I don't think the bloomberg article means they're looking to buy ethanol plants. It looks to me like they're trying to sell their own ethanol operations.
I hope so, the one GM is an alcoholic nutjob.
Agriculture Giant ADM in Advanced Talks for Ethanol Deal
www.bloomberg.com › news › articles › agriculture-gia...
Feb. 9, 2021 — Archer-Daniels-Midland Co., the agribusiness giant that helped draw the blueprint for the U.S. biofuel industry, is in advanced talks for a deal ... One of the world's top biofuels producers already operates a plant with 70 million gallons of capacity in Lloydminster, Canada.
Rumour must have been started by the same blatant liar who said there would be layoffs yesterday ....
This is not true. You are dishonest and deceitful.
Yes , I heard the same rumor , but I'm sure everything is forsale , have to keep the investors happy right
There's a thread about this on the Husky layoffs forum too, same thing though, no real information, just speculation.
Might be hard to cut ties with Lloydminster ethanol plant at least. It is tied in to the upgrader for use of utilities, steam, condensate, etc...
https://obj.ca/article/regional/demand-hand-sanitizer-sparks-75m-expansion-johnstown-plant
2020 December Ethanol Producer Magazine by BBI ...
Dec. 11, 2020 — The company intends to sell or repurpose its Western Canadian ... the company's planned merger with Husky Energy Inc. In late October
Hand sanitizer
Ever heard of a 'fence'? The LEP is situated on the SW corner of the Lloydminster Complex.