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Commodity Pricing

Origin International Makes Formal Bid for Come By Chance Oil Refinery

Some positive news today regarding the future of the Come By Chance oil refinery.

VOCM News has learned that Origin has made an offer to Silverpeak for all assets related to the Come By Chance refinery and North Atlantic retail properties.

A source close to Origin says the company plans to bring the refinery back to full capacity and diversify its operations to allow for what’s being called a “sustainable future and steady employment.”

All of that is pending acceptance of the offer, the appropriate due diligence, and regulatory approval.

Source: VOCM | This text was excerpted from the media outlet cited on November 4, 2020 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia.