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SOURCE Irving Oil Operations Ltd.
Industrial customers in the Maritimes now have access to trucked natural
gas, providing significant energy cost savings
SAINT JOHN, NB, March 5, 2013 /PRNewswire/ - Irving Oil announced today that it
has signed an agreement with AV Nackawic, making them Irving Oil's
newest industrial customer, and the second in New Brunswick to receive
compressed natural gas (CNG) delivered by trucks to fuel their
operations. Yesterday, Irving Oil announced it had signed a similar
agreement with McCain Foods.
Irving Oil's agreements with AV Group's two pulp mills and the signing
of McCain Foods earlier this week makes it the leading provider of
compressed natural gas in the Maritimes.
"We are extremely proud to have AV Nackawic as our newest customer for
truck deliveries of compressed natural gas," said Daren Gillis, General
Manager of Irving Energy. "Delivered natural gas represents an energy
alternative to those without access to pipelines. Clearly the
industrial appetite for lower-cost delivered natural gas exists
throughout the Maritimes, and that's why we also have undertaken new
CNG initiatives in Nova Scotia and PEI to fulfill that need."
Irving Oil announced last year that we would be delivering compressed
natural gas to industrial customers in Nova Scotia, PEI and New
Brunswick in 2013.
Al Hitzroth, President and CEO of the AV Group, said "We are pleased to
enter into an agreement with Irving Oil to have them provide compressed
natural gas to our pulp mills located in Nackawic and Atholville.
Energy is such a significant cost driver for our business, having the
option to switch fuels to take advantage of pricing volatility, which
will enable us to reduce costs and make our mills more sustainable in
the long run."
Irving Oil has been developing its truck delivered CNG business on
several fronts in the Maritimes. The company's natural gas compression
station in NB is nearing completion and its station in Nova Scotia near
the Halifax Airport is expected to be complete later this year helping
to serve industrial customers in that province as well as markets in
Prince Edward Island and New Brunswick.
About Irving Oil
Irving Oil was founded in 1924 and is a privately owned regional
refining and marketing company with a history of long-term partnerships
and relationships. Irving Oil operates Canada's largest refinery, in
Saint John NB, which is located 65 miles north of the US border and has
reached production rates in excess of 300,000 barrels per day. The
refinery exports over 80 per cent of its production to the US and
accounts for 75 per cent of Canada's gasoline exports to the US and 19
per cent of all US gasoline imports. For more information about Irving
Oil, visit www.irvingoil.com.
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