Husky Energy closes on $435M Superior Refinery buy

Canada’s Husky Energy said last week it has closed on the $435 million, all-cash acquisition of the Superior Refinery, a 50,000 barrel per day (BPD) refinery located in Superior, Wis.

The refinery increases Husky’s downstream crude processing capacity, in line with the company’s growing production, it said. With the addition of the Superior Refinery, Husky’s total downstream capacity will increase to roughly 395,000 BPD.

The Superior Refinery produces a variety of products, including asphalt, gasoline, diesel and heavy fuel oils, Kallanish Energy finds.

The purchase includes the acquisition of the refinery’s associated assets and logistics, including two asphalt terminals, two product terminals, a marine terminal, 3.6 million barrels of crude and product storage, and a fuels and asphalt marketing business.