Cresta to acquire idled Come-by-Chance refinery: Reuters

US private equity firm Cresta Fund Management has agreed to buy a controlling stake in Atlantic Canada's 135,000-barrel-per-day Come-by-Chance refinery.

US private equity firm Cresta Fund Management has agreed to buy a controlling stake in Atlantic Canada’s 135,000-barrel-per-day Come-by-Chance refinery, Reuters reported. No financial terms were disclosed. The refinery, owned by North Atlantic Refining Ltd, has been idled for more than a year. Cresta plans to convert it to renewable fuels production.

Read the Reuters story here.