ing of light crude oil, manufacturing of fuel and fuel grade ethanol, manufacturing of asphalt products from heavy crude oil and acquisition by purchase and exchange of refined petroleum products. Its retail distribution network includes the wholesale, commercial and retail marketing of refined petroleum products and provides a platform for non-fuel related convenience product businesses. Prince George Refinery The company’s light oil refinery in Prince George, British Columbia, provides refined products to Husky and third-party retail outlets in the central and northern regions of the province. The refinery produces all grades of unleaded gasoline, seasonal diesel fuels, mixed propane and butane, and heavy fuel oil. In 2014, refinery throughput averaged 11.7 mbbls/day. Lloydminster Asphalt Refinery The company’s Lloydminster Asphalt Refinery processes heavy crude oil into asphalt products used in road construction and maintenance and industrial asphalt products. The refinery has a throughput capacity of 29.0 mbbls/day of heavy crude oil. The refinery also produces straight run gasoline, bulk distillates and residuals. Asphalt Distribution Network The company’s Pounder Emulsions division has a significant market share in Western Canada for road application emulsion products. The company’s asphalt distribution network consists of emulsion plants and asphalt terminals located at Kamloops, British Columbia, Edmonton and Lethbridge, Alberta, Saskatchewan and Winnipeg, Manitoba and three emulsion plants located at Watson Lake, Yukon and Lloydminster and Saskatoon, Saskatchewan. The company also terminals asphalt at its Prince George Refinery and uses an independently operated terminal in Vancouver, British Columbia. Ethanol Plants The company’s ethanol production supports its ethanol-blended gasoline marketing program. Other Supply Arrangements During 2014, the company purchased approximately 31.5 mbbls/day of refined petroleum products from refiners and acquired approximately 8.7 mbbls/day of refined petroleum products pursuant to exchange agreements with third-party refiners. Branded Petroleum Product Outlets and Commercial Distribution As at December 31, 2014, there were 490 independently operated Husky-branded petroleum product outlets. These outlets include travel centres, convenience stores, cardlock operations and bulk distribution facilities located from the Ontario/Quebec border to the West Coast. Most travel centres also feature a proprietary cardlock system that enables commercial users to purchase products using a card system that processes transactions and provides detailed billing, fuel and sales tax information. The company also markets refined petroleum products directly to various commercial markets, including independent dealers, national rail companies and major industrial and commercial customers in Western Canada and the northwestern United States. Significant Events In August 2015, Husky Energy Inc. has commenced steam operations at the second of two processing plants at the Sunrise Energy Project in northeast Alberta. History Husky Energy Inc. was founded in 1982.
husky energy inc
(HSE:Toronto Stock Exchange)
707-8th Avenue SW
PO Box 6525
Calgary, AB T2P 3G7
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