Lima, Ohio –Today Husky Energy Inc. and its employees in Lima, Ohio proudly celebrated the 125th anniversary of the Lima Refinery.
In honor of the historic milestone, Husky is making donations totaling US$60,000 to two important organizations which serve the community. The Company also unveiled a comprehensive model of the refinery which will now be on display at the Allen County Museum.
“The 125th anniversary of the Lima Refinery is a rare milestone and a testament to the hard work and commitment of generations of workers and their families,” said Husky CEO Asim Ghosh. “Few companies and few industries can claim such a proud heritage. The refinery has been an anchor and an important economic engine in the region throughout the years. We are pleased to be investing in its future success and in being able to offer our support to three very worthwhile community initiatives. “
In addition to the dedication of the model of the Lima Refinery to the museum, Husky announced two donations. A $30,000 commitment was made to the YMCA Leaders Club to enable its Youth Mentoring Center to continue its work in tutoring students in literacy and comprehension skills. The Company is also donating $30,000 to Ohio Northern University. The funds will be used over the next three years to assist under-served student populations from Lima Senior High School to prepare for college and be successful in their postsecondary education.
The Lima Refinery began operating in 1886 as the Solar Refinery and was financed by John D. Rockefeller, founder of the Standard Oil Company. It has been continually upgraded and modernized through the years and remains a world-class facility, with a throughput capacity of 160,000 barrels of crude oil per day. With 580 workers, the refinery produces gasoline, diesel, jet fuel, residual fuels and petrochemical feedstocks.
Husky purchased the refinery in May of 2007. Since taking ownership, Husky has invested an average of over C$150 million a year in capital improvements to increase the reliability and efficiency of the operations. Construction has also begun on a new $40 million central control facility, which will improve communications and overall process safety.
Husky Energy is one of Canada’s largest integrated energy companies. It is headquartered in Calgary, Alberta, Canada and is publicly traded on the Toronto Stock Exchange under the symbol HSE and HSE.PR.A. More information is available at www.huskyenergy.com
Forward Looking Information
Certain statements in this document are forward-looking statements or information (collectively “forward-looking statements”), within the meaning of the applicable securities legislation. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as: “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intend,” “plan,” “projection,” “could,” “vision,” “goals,” “objective” and “outlook”) are not historical facts and may be forward-looking and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. In particular, this document includes forward-looking statements relating to the anticipated cost and effect of construction of a new central control facility at the Lima refinery. Although Husky believes that the expectations reflected by the forward-looking statements presented in this document are reasonable, Husky’s forward-looking statements have been based on assumptions and factors concerning future events that may prove to be inaccurate. Those assumptions and factors are based on information currently available to Husky about itself and the businesses in which it operates. Information used in developing forward-looking statements has been acquired from various sources including third party consultants, suppliers, regulators and other sources. Husky’s Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com and the EDGAR website www.sec.gov) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. Any forward-looking statement speaks only as of the date on which such statement is made, and except as required by applicable securities laws, Husky disclaims any intention or obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.
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