Irving Oil fleet conversion to be completed by April 30 and supplier
adherence by year-end
SAINT JOHN, NB, Feb. 17, 2014 /CNW/ - Irving Oil announced today that by
April 30, 2014, it will complete the conversion of its proprietary
fleet of crude oil railcars to the Association of American Railroads'
(AAR) recommended specifications for DOT-111 railcars constructed after
October 1, 2011. This will require the voluntary removal of
older-model railcars from service. The AAR specifications recommend
that DOT-111 railcars built after October 2011 be constructed with
reinforcements and enhancements that have been reported to reduce the
risk of product loss if these railcars are involved in derailments.
Irving Oil will also advise suppliers and marketers of crude oil of
Irving Oil's adoption of AAR's enhanced standard, and will ask for
their adherence by no later than December 31, 2014 for crude oil
railcars servicing Irving Oil facilities.
The announcement by Irving Oil follows recommendations made on January
23, 2014 by the Transportation Safety Board of Canada (TSB) relating to
enhanced protection standards for rail cars.
"We have made substantial progress in converting our fleet of crude oil
railcars to meet this enhanced standard. In light of the strongly
worded recommendation from the TSB in January, we felt it was important
to communicate this milestone to the public," says Paul Browning,
President & CEO of Irving Oil. "Safety is paramount to our business,
and by taking this voluntary leadership position with our own fleet of
railcars we expect to set a standard for the suppliers and marketers
who ship crude oil to our facilities to quickly follow our example."
After working in recent months to implement the AAR recommendation, 88%
of Irving Oil's crude oil railcars are already of newer construction
that meet the AAR's enhanced specifications for DOT-111 railcars
constructed after October 2011. Over the next ten weeks, Irving Oil
will continue to execute its plan of emptying the remaining older-model
rail cars so that they can then be cleaned and removed from service. By
April 30, Irving Oil's in-service proprietary DOT-111 rail fleet in
Canada and the United States will consist exclusively of newer-model
rail cars built in 2012 and 2013, and all of these cars will meet the
AAR's enhanced specifications for DOT-111 railcars constructed after
Irving Oil is a privately owned regional energy and marketing company
that provides Eastern Canada and New England with high-quality products
and customer service. Founded in 1924 and based in Saint John, New
Brunswick, the company operates Canada's largest refinery, producing in
excess of 320,000 barrels of finished products every day. For more
information about Irving Oil and its community programs, please visit
us at www.irvingoil.com or follow us at facebook.com/irvingoil.
SOURCE: Irving Oil
For further information:
Public Affairs, Irving Oil