By Ashley Wills

Federated Co-op Ltd. talks about refinery explosion

Feb 27, 2012 | 3:41 PM

Financially, 2011 was a near record breaking year for Federated Co-operatives Limited, with $8.3 billion in sales but, hundreds of delegates took time to reflect Monday on the refinery explosion that rocked the company last fall.

“The explosion and fire at the Co-op refinery complex wounded us in many ways,” said CEO Scott Banda at FCL's annual meeting.

Banda added the work from emergency response teams was well executed.

“An absolute validation of all the investments we have made into training, into procedures. They worked that day,” he said.

There is still no word on what caused the accident on Oct. 6, 2011, the investigation could take up to a year to complete.

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Vic Huard, VP Corporate Affairs confirms two workers that were seriously injured in the blast are fully recovered and have been cleared medically to work.

Diesel production is only at 80 per cent at the refinery because a section affected by fire is still closed. Officials are not sure yet what the financial dent will be.

“Currently we can process about 100,000 barrels of crude a day. When the expansion comes on line in late July that will increase to about 145,000 barrels a day,” said Huard.

Despite the issues, a $2.3 billion expansion is planned for the refinery this summer, which would add another 60 jobs in Regina.

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