Superior Refinery Explosion Caused $27M in Damage, $53M in Expenses; 2020 Restart

July 26, 2018 11:36 AM

Following an explosion and fire in April, Husky Energy says its Superior refinery is not expected to resume normal operations until 2020.

The announcement came in a second-quarter earnings statement released Thursday, Hubbard-owned WDIO reports. The statement says the refinery is not expected to resume normal operations for at least 18 to 24 months, which would put the restart between January and July 2020 at the earliest.

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RELATED: Superior Refinery Explosion Occurred during Crude Oil Heating, Extraction Process

The Calgary, Alberta-based company said it has incurred about $53 million in expenses related to the incident, but it expects insurance to cover the expenses, less deductibles. The company also said the incident caused $27 million in damage, which is covered by insurance.

The April 26 explosion and fire injured about 20 people and forced tens of thousands of residents to evacuate from Superior and rural areas south of the city.

RELATED: Breaking News Coverage: Refinery Explosion

Husky said the investigation into the cause is ongoing. Repair work will begin once the investigation and cleanup are complete.

The company completed its purchase of the refinery five months before the explosion.

PHOTOS: Husky Refinery Explosion

Credits

WDIO

Copyright 2018 - KSTP-TV, LLC A Hubbard Broadcasting Company

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