Irving Oil Announces Investment In Montreal’s Norcan Terminal
Irving Oil partners with La Coop fédérée and MacEwen Petroleum Inc.
SAINT JOHN, NB — Irving Oil announced today that it has acquired an equity share in Norcan Petroleum Group owner of the Norcan Terminal in Montreal. Irving Oil will partner with La Coop fédérée and MacEwen Petroleum Inc. This investment in the terminal represents an additional secure supply point for Irving Oil customers.
“We’re very pleased to announce this new partnership with La Coop fédérée and MacEwen Petroleum Inc,” said Jonathan McKenzie, Irving Oil. “Our investment in this terminal fits well with our current growth strategy and we look forward to the opportunities this strategic partnership will represent for us and our customers in the future.”
Garry Garcin, President of Norcan Petroleum Group and its subsidiary Terminal Norcan said we will be in an excellent position to fully maximize our operational efficiencies to the benefit of all of our stakeholders.
The Norcan marine terminal is strategically located in Montreal East with pipeline access to the Saint Lawrence River. The terminal has a long history dating back to 1932 of servicing customers with gasoline and distillate products year-round. The terminal has a storage capacity of 1.3 million barrels. Norcan also leases storage facilities in the Port of Quebec City to supply a full range of petroleum products to customers.
Allan MacEwen, President of MacEwen Petroleum Inc. said, "We are thrilled to welcome Irving Oil as a partner in Norcan. Irving Oil brings a wealth of synergies to the partnership and we are confident in this major step forward for Norcan, Irving Oil, our customers and stakeholders.”
Gaétan Desroches, Chief Operating Officer, said on behalf of La Coop fédérée, "The Norcan terminal today is a core component of our strategy acting as an important hub where the ingredients of many of our green fuels are amalgamated. This partnership with Irving Oil, a well-known partner, fits very well with our vision and will definitely make Norcan stronger both strategically and operationally.”
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. In 2003, Irving Oil became the first oil company to receive a US Environmental Protection Agency Clean Air Excellence Award, for its clean gasoline. For more information about Irving Oil, visit https://www.irvingoil.com/
About La Coop fédérée
Founded in 1922, La Coop fédérée is the largest agri-food enterprise in Quebec and ranks amongst the 100 largest co-operatives and mutual societies in the world, across all sectors. It is owned by over 100,000 members grouped into 102 cooperatives located in several Canadian provinces. La Coop fédérée is present throughout the agri-food chain and, as well as being a wholesaler, it also provides agricultural producers with all the goods and services they require for their farming operations. The network has five brands: Elite and La Coop (animal and crop production, grain marketing), Unimat (hardware and farm machinery), Sonic (energy) and Olymel (meat processing). La Coop fédérée employs over 9,500 people with sales totaling over $5 billion. Including its affiliated network, La Coop fédérée employs almost 15,500 people with sales of $7,8 billion. www.lacoop.coop and twitter.com/LaCoop_federee
About MacEwen Petroleum Inc.
MacEwen Petroleum Inc. is a Canadian owned and operated fuel provider that has been building and sustaining relationships for over 30 years in Ontario and Quebec. MacEwen began in 1976 as a wholesale operation serving customers in rural Ontario. For years, MacEwen supplied Maxville, Ontario and the surrounding region with gasoline, oil heating, and reliable service. Today, MacEwen proudly retains its heritage and identity as a family business. Recognized as one of Canada's leading independent petroleum products companies, MacEwen is an integrated, full-service organization with Retail, Home Comfort, Wholesale and Commercial operations catering to communities of Eastern Ontario and Western Quebec.
Carolyn Van der Veen, Irving Oil
MacEwen Petroleum :
(613) 799 9881
La Coop fédérée :