Cenovus to Invest $1.5B Over 5yrs in Ohio Refineries


   
   OAKHURST, N.J. (DTN) --- Cenovus plans to invest $1.5 billion over the 
coming five years in their Ohio refineries, which includes maintenance, 
reliability measures, and market access projects, the company said in statement 
emailed to DTN.

   "Since February 2023 when Cenovus completed the transaction to fully own and 
operate the Toledo Refinery and add to our refinery in Lima, the company became 
the largest refiner in Ohio," said Cenovus.

   Since then, Cenovus said it has built upon its long-term strategy of 
integrating its upstream production with the 180,000 bpd Lima and 160,000 bpd 
Toledo refineries. These refineries produce gasoline, jet fuel, asphalt, and 
petrochemical feedstock. Cenovus is the third largest asphalt supplier in the 
country.

   According to the company website, the Toledo refinery in Oregon, Ohio, can 
produce 3.8 million gallons of gasoline, 1.3 million gallons of diesel fuel and 
600,000 gallons of jet fuel daily.




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