Irving Oil announces $200-million ‘Operation Falcon’ refinery project
August 20, 2015 – This fall, Irving Oil says it will invest $200 million in a turnaround project—the largest in the company’s history—at its Saint John, N.B. refinery. This will also be one of largest private sector investments to take place in Atlantic Canada this year, according to the company.
The turnaround—nicknamed ‘Operation Falcon’—begins September 16 and will last a total of 60 days, employing almost 3000 tradespeople in addition to the full-time employees already working at the refinery, Irving said. Together, pipefitters, electricians, boilermakers, and other skilled workers will work the equivalent of 800 annualized jobs. This influx into the local economy has the potential to create $27 million in direct spinoff benefits for Saint John, the company added.
Irving Oil was founded in 1924 and is a privately owned refining and marketing company.