Husky Energy Closes Acquisition of Superior Refinery
Nov. 08, 2017
Husky Energy (TSX:HSE) has closed its acquisition of the Superior Refinery, a 50,000 barrel per day refinery located in Superior, Wisconsin.
The Superior Refinery increases Husky’s downstream crude processing capacity, in line with the Company’s growing production. With the addition of the Superior Refinery, Husky’s total downstream capacity will increase to approximately 395,000 barrels per day.
Husky is retaining the existing workforce at the refinery.
The Superior Refinery produces a slate of products that includes asphalt, gasoline, diesel and heavy fuel oils. The transaction includes the acquisition of the refinery’s associated assets and logistics, including two asphalt terminals, two product terminals, a marine terminal, 3.6 million barrels of crude and product storage and a fuels and asphalt marketing business.