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CALGARY—Despite logistics obstacles, Oak Point Energy Ltd. is still keen to build modular processing plants in Ontario and ship them to the Alberta oil sands.
Ken James, co-founder of the Calgary-based junior oil sands developer, said he hopes to have financing contracts signed by the end of 2012. "Our interest has not waned at all," he said.
Fabricating hotspots such as Sarnia, Burlington and Oakville are attractive for their capacity and stable workforces—increasingly hard to access in the booming Alberta market.
Ontario shops have also invested in automation and are accustomed to producing the type of standardized assemblies needed for the modular plants, said James.