April 1 (Reuters) - Parkland Corp ( PKIUF ) said on
Monday that normal operations have resumed at its Burnaby
Refinery in British Columbia, Canada, more than two months after
it was shut down after an issue with a processing unit.
Operations at the 55,000-barrel-per-day refinery were also
partially paused in January, prior to the processing unit issue,
owing to adverse cold weather across western Canada.
"During this shutdown period, we accelerated maintenance and
refining optimization work previously scheduled for the third
quarter of 2024," CEO Bob Espey said.
As a result of the shutdown, Parkland said the refinery
expects composite utilization of about 20% and an adjusted core
loss of between C$60 million ($44.35 million) and C$65 million
for the first quarter 2024.
Parkland expects total adjusted core profit between C$300
million to C$320 million for the first quarter.
($1 = 1.3530 Canadian dollars)