Canada-based Parkland Corp. released third quarter results on Oct. 27, reporting that the volume of biobased feedstock co-processed at its Burnaby Refinery was up nearly 50%. The company also announced its previously announced purchase by Sunoco LP is expected to close Oct. 31.
Parkland’s Burnaby refinery is located in British Columbia. The facility co-processes conventional crude oil with biobased feedstocks, including canola oil and tallow. In late 2024, the facility successfully produced Canada’s first batch of sustainable aviation fuel (SAF).
According to Parkland, the Burnaby refinery co-processed 44 million liters (11.62 million gallons) of biobased feedstock during the third quarter of 2025, up from 30 million liters during the same period of last year. For the first nine months of this year, co-processed volumes reached 113 million liters, up from 77 million liters during the same period of 2024. The company said the co-processed volumes for the third quarter and first nine months of 2025 are equivalent to a reduction of 113,548 metric tons and 393,996 metric tons of carbon dioxide equivalent, respectively, when compared to conventionally refined gasoline and diesel.
Total throughput at the Burnaby refinery for the third quarter included 53,700 barrels per day of crude oil and 3,000 barrels per day of biobased feedstock, up 0.4% and 50%, respectively, when compared to the same period of last year. For the first nine months of the year, throughput included 47,500 barrels per day of crude oil and 2,600 barrels per day of biobased feedstock, up 23% and 44%, respectively, when compared to the same period of last year.
In May 2025, Parkland and Sunoco LP announced a definitive agreement under which Sunoco will acquire all outstanding share of Parkland Corp. The Burnaby refinery is among the assets subject to the acquisition.
Parkland on Oct. 14 announced the government of Canada has approved the proposed acquisition in accordance with the terms of the Investment Canada Act. In its third quarter earnings release, Parkland announced the transaction is currently expected to close on Oct. 31, subject to the satisfaction or waiver of customary closing conditions.
