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Stock Market & Financial Investment News

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February 28, 2013
13:02 EDTCNICanadian National to increase shipments of heavy northern Alberta crude oil
CN (CNI) announced it will increase shipments of heavy northern Alberta crude oil through LBC Tank Terminals' expanded terminal at Sunshine, located within the Geismar, La., Industrial Complex, starting in March. The new service is part of CN's plan to develop new markets for northern Alberta crude oil on the east side of the Mississippi River near the Gulf of Mexico. CN is also moving chemicals from the Chicago area to the LBC Tank Terminals facility at Geismar, which is home to a large concentration of petrochemical industries. LBC Tank Terminals' Sunshine facility is located near two of the largest heavy crude refineries in Geismar and various pipeline assets and marine terminals.
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