Thread regarding Husky Energy Inc. layoffs

LEP and MEP are Gone !!

Check out surplus equipment website. 130,000 litre grain ethanol plant in Canada. LEP?

Broker looking to “sell” MEP as an operating facility.

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Post ID: @OP+19hdV5vz

31 replies (most recent on top)

Why's this thread getting so much attention? I don't think they're selling these assets and I work for Cenovus.

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Post ID: @7djj+19hdV5vz

Can't find that globe article anywhere. Either way they're not selling either ethanol plant. They're repairing the Lloyd one now.

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Post ID: @6uah+19hdV5vz

Cenovus confirms talks for potential sale of assets - The ...
www.theglobeandmail.com › article25044933

Feb. 09, 2021 — Cenovus, the third largest integrated oil company, did not name the counterparty it is in talks with.

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Post ID: @6sho+19hdV5vz

Someone here asked about the LEP explosion -

Husky Energy shuts down Lloydminster ethanol plant ...
www.biofuelsdigest.com › bdigest

Jan. 4, 2021 — ... Husky Energy was forced to shut down its ethanol plant near Lloydminster, Saskatchewan following a loud boom and later and fire in a dryer. Future of the facility uncertain.

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Post ID: @6dfm+19hdV5vz

HSE there was never any money in ethanol, the company did it for offsetting carbon emissions; they receive carbon capture credits for producing ethanol. That was no secret. They're keeping it.

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Post ID: @6muh+19hdV5vz

Ethanol prices hit all-time low, unconfirmed reports of plant closures ...
www.agriculture.com › news › business › ethanol-price...

Nov. 19, 2020 — The plunge in gasoline prices and the resulting drop in ethanol prices are ... For two years, ethanol plants have not been building up their cash ...

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Post ID: @6sfa+19hdV5vz

What's going on at the Lloydminster plant after that explosion, anyone know?

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Post ID: @6yto+19hdV5vz

This HSE poster is some kind of stupid.

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Post ID: @6ykq+19hdV5vz

No it doesn't mention any of the ethanol plants

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Post ID: @5cji+19hdV5vz

Cant read that locked out article, does it make mention of lloyd ethanol?

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Post ID: @5nbl+19hdV5vz

Lol. The article about unnamed non-core asset sales? That was already a given. Any other nuggets of wisdom to offer up?

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Post ID: @5zqp+19hdV5vz

Scroll down dumb–s -

https://www.dailyoilbulletin.com/category/asset-sales-and-acquisitions

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Post ID: @5uge+19hdV5vz

lol. Keep posting links to nothing

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Post ID: @5kll+19hdV5vz

Want to bet?

https://www.dailyoilbulletin.com/category/asset-sales-and-acquisitions

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Post ID: @5lxs+19hdV5vz

None of those plants on phoenix equipment website are the Husky plants.

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Post ID: @5hqw+19hdV5vz

https://www.phxequip.com/plant.1935/ethanol-plant-130000-lpy.asp

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Post ID: @5shj+19hdV5vz

There's no indication anywhere that the Ethanol plants are being sold or are even up for sale.

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Post ID: @5nmn+19hdV5vz

That Bloomberg article has ADM looking to sell some of their own assets, not looking to buy LEP/MEP. Not even sure what a 'dry ethanol mill' is, but certainly doesn't sound like the Husky ethanol plants.

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Post ID: @5kdv+19hdV5vz

Agriculture Giant ADM in Advanced Talks for Ethanol Deal
www.bloomberg.com › news › articles › agriculture-gia...

Feb. 9, 2021 — Archer-Daniels-Midland Co., the agribusiness giant that helped draw the blueprint for the U.S. biofuel industry, is in advanced talks for a deal ... One of the world's top biofuels producers already operates a plant with 70 million gallons of capacity in Lloydminster, Canada.

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Post ID: @5gfr+19hdV5vz

Is this true, are they close to selling these assets?? Wonder if they make any money. Who is 'KM' from one of the earlier posts?

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Post ID: @4ehv+19hdV5vz

"inside....trust me
The Axe is coming down and hard ....next three weeks.... employees to stand ground"
What? Are you saying that you're inside the ethanol plant? Lloydminster or MEP?

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Post ID: @4mlp+19hdV5vz

The ethanol plants are not on that Aaron's equipment page. There's some other biodiesel type plant but that's the closest thing to ethanol, but it's not the Husky plant.

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Post ID: @4smg+19hdV5vz

inside....trust me
The Axe is coming down and hard ....next three weeks.... employees to stand ground

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Post ID: @4wpm+19hdV5vz

2020 December Ethanol Producer Magazine by BBI ...
Dec. 11, 2020 — The company intends to sell or repurpose its Western Canadian ... the company's planned merger with Husky Energy Inc. In late October

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Post ID: @4egq+19hdV5vz

KM confirmed (unofficially) that, following the dryer explosion, senior management has decided not to repair and restart the facility. A third party has been engaged to find a buyer willing to relocate the plant. Check out the website.

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Post ID: @4ldo+19hdV5vz

https://www.aaronequipment.com/usedequipment/complete-plants/complete-plants-2

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Post ID: @4sob+19hdV5vz

Proof they're on the for sale block??

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Post ID: @3nxh+19hdV5vz

Not on the website. You can bet just about anything is on the block though.

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Post ID: @nkf+19hdV5vz

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