Chief Financial Officer Hired to Enhance Corporate Management Group
CALGARY, Jan. 9, 2012 /CNW/ - North West Upgrading Inc. (NWU) announced
today the appointment of Thomas Ebbern to their core executive team as
Chief Financial Officer of NWU. Mr. Ebbern will use his extensive
financial management experience in the energy industry to strategically
position NWU as an international leader in bitumen refining.
In 2011 North West Upgrading entered into a joint venture partnership
with Canadian Natural Resources Limited called North West Redwater
Partnership (NWR). This partnership will build, manage and operate a
new bitumen refinery in Alberta's Industrial Heartland, allowing NWR to
produce high value products for local and international markets.
In his new position, Mr. Ebbern will be responsible for liaising with
the investment community on behalf of NWU as well as managing
relationships with investors, banks, rating agencies and government
entities. Mr. Ebbern will also serve as a key member of the NWR
Management Committee which will set the overall direction for NWR.
"I look forward to the opportunities available with North West
Upgrading," says Mr. Ebbern. "NWU is at the forefront of the global
energy industry, delivering value-added services and products around
the world in an environmentally responsible manner. I am excited to
help further solidify NWU as an international energy leader."
In the past Mr. Ebbern has utilized his investment research expertise to
expand and advance leading oil and gas organizations including
Macquarie Tristone and TD Newcrest Capital Inc. He also serves on the
board of Nexen Inc. and the Advisory boards of Wellspring Calgary,
Palisade Capital Management, and Kootenay Capital Management.
"Mr. Ebbern brings more than 30 years of oil and gas and financial
experience to NWU," said Ian MacGregor, Chairman of NWU. "We are
confident that his knowledge will complement our experienced management
Mr. Ebbern holds a Bachelor of Science in Geological Engineering from
Queens University and a Master of Business Administration (MBA) from the Richard Ivey School of Business at the University of Western
More about North West Upgrading Inc.
North West Upgrading is building the world's first bitumen refinery
which combines gasification technology with an integrated carbon
capture and storage solution. The project, which will be located 45 km
north-east of Edmonton, is also the first bitumen refinery to sell its
CO2 for the purposes of enhanced oil recovery. NWU is converting 150,000
barrels of bitumen directly to fuels and other high value, low sulphur
products required in the Alberta market. The process is also optimized
to minimize the environmental footprint of the facility and make the
bitumen upgrading/refining process sustainable in Alberta.
SOURCE North West Upgrading
For further information:
North West Upgrading