Irving Oil submission takes Project Eider Rock to next phase - Company outlines Draft Terms of Reference as part of Environmental Assessment

    SAINT JOHN, NB, Nov. 26 /CNW/ - As part of the environmental assessment
process for the proposed Eider Rock project, Irving Oil has submitted its
Draft Terms of Reference (ToR) to the provincial government and released them
to the federal government and the public for review. The submission is an
essential step in the permitting process.
    The Draft Terms of Reference responds to the provincial Environmental
Impact Assessment (EIA) guidelines and the federal Environmental Assessment
Track Report, both of which were released to the public and Irving Oil this
year. The guidelines and the track report outline the project scope, which
will be required to be assessed under the federal and provincial environmental
assessment processes. The guidelines and track report also define the
requirements for public involvement in the environmental assessment.
    The Draft Terms of Reference submitted today describe the proposed
approach and methods for completing the environmental impact assessment for
the project and meeting the requirements for both the federal and provincial
processes. Work plans are provided to outline how the requirements of the
final guidelines and final track report will be met.
    "As expected, the environmental permitting process for this project will
be rigorous, and we are committed to completing a comprehensive and thorough
assessment and designing a new refinery using proven environmental technology
to minimize potential environmental effects," says Kevin Scott, Director of
Refining Growth for Irving Oil. "Today's submission is another positive step
forward in our efforts to build a second refinery. It's still early in the
project, and although our team is working hard, a second refinery is not a
certainty, and a lot still needs to happen before we can make a final decision
to go ahead."
    In addition to formal public consultation, Irving Oil is committed to
sharing information with the public and consulting the community on the
proposed project. The company will hold its second Open House for members of
the public on Friday, December 7th, from 10-8pm at the NBCC Campus on
Grandview Avenue. The purpose of the Open House is to share information on the
environmental assessment methods and approach outlined in the Draft Terms of
Reference and answer questions from the public.
    Members of the public seeking more information on the project, or wishing
to view the Draft Terms of Reference on-line can visit or
access the company's toll-free information line at 1-888-525-1777.
    The proposed new refinery, with a capacity of up to 300,000 barrels per
day, would be located near the existing Irving Canaport deepwater crude
receiving terminal in the Red Head area of Saint John, N.B. The new facility
is intended to respond to the need for additional refining capacity in the
Northeast, contribute to New Brunswick's goal of economic self-sufficiency,
and support Saint John's True Growth strategy. It would add to the competitive
position of the New Brunswick energy hub by complementing existing energy
infrastructure and create more opportunities for new projects and companies to
invest in the region. Together with the existing Saint John Refinery, this new
investment would create a combined total of up to 600,000 barrels per day of
refining production capacity.
    The project would cost approximately $5-$7 billion to build. It would
create approximately 5,000 construction jobs and 1,000 permanent jobs, as well
as generate significant additional employment and business opportunities
during construction and operation, including billions of dollars in spin-off
activity and the creation of thousands of additional permanent jobs.

    About Irving Oil

    Founded in 1924, Irving Oil 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, N.B., which is
located 65 miles north of the U.S 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 U.S., and accounts for 75 per cent of Canada's gasoline
exports to the U.S. and 19 per cent of all US gasoline imports. In 2003,
Irving Oil became the first oil company to receive a U.S. Environmental
Protection Agency Clean Air Excellence Award, for its clean gasoline.
Approximately 7,000 people currently work with the company.

    For more information about Irving Oil, please visit

For further information:

For further information: Jennifer Parker, Irving Oil, (506) 202-2992,

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Irving Oil Operations Ltd.

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