There are no free lunches in the world

In other words, without intimate attention to such operation by the owner operator the plant would be useless.

Re: “Chinese banks back Kitimat refinery,” April 26

Large complex chemical plants, including petrochemical refineries, are historically designed and operated by so-called owner operators, today’s international corporations. Some of the chemical unit processes involved may also be of proprietary nature. Necessarily, intimate involvement with such operation throughout the useful life of the plant is necessary for efficient, competitive and profitable operation.

In other words, without intimate attention to such operation by the owner operator the plant would be useless. This has been shown historically in the last 30 to 40 years by unsuccessful takeover attempts by state control of the various Far East and South American governments. Today ownership of those expropriated plants is back with free enterprise.

The large European and North American corporations are leaders in petrochemical plants. For this reason world leadership in design, construction and operation rests with Europe and North America.

A so-called 51 per cent plus by Canadian interests of the so-called Kitimat plant would be utterly meaningless. A Chinese designed and constructed plant would be wholly owned by China in any case, operation and maintenance wise, enhanced by the language hurdle, as per the complexities mentioned above.

In other words, profits, if any, can easily be eroded (manipulated) by operating and maintenance problems. The worst case scenario would see a heap of scrap at Kitimat for which Canada would be on the hook for its share of the 51 per cent ownership. Canada would be ill advised to lose sovereignty to China, similarly to some African states.

Gerhard Magner, M Eng, P Eng

Bonnington

 

Just Posted

Nelson considers amnesty on parking fines

Drivers with backlogged fines would have until January to apply

EDITORIAL: Federal NDP challenges evident on Kootenay campaign trip

NDP Leader Jagmeet Singh tours the Kootenays in support of local MPs, proportional representation

Columbia Basin Trust announces grant for technology upgrades

The deadline for organizations to apply is Dec. 17

Leafs fall to Braves, Twitter fight breaks out

Nelson gave up two goals in the third en route to a 4-2 loss

Cardiac arrest survivor saved by passerby

People who know CPR can now register with a new phone app to notify them of nearby emergencies

VIDEO: B.C. legislature clerk, sergeant at arms suspended for criminal investigation

Clerk of the House Craig James, Sergeant-at-arms Gary Lenz on administrative leave

Former NHL player and coach Dan Maloney dies at 68

Maloney coached the Toronto Maple Leafs and Winnipeg Jets

Ex-MSU president charged with lying to police about Nassar

Lou Anna Simon was charged Tuesday with lying to police during an investigation

Police aim to prevent retaliation after Hells Angel found dead under B.C. bridge

IHIT confirms Chad Wilson, 43, was the victim of a ‘targeted’ homicide

Otter makes a snack out of koi fish in Vancouver Chinese garden

Staff say the otter has eaten at least five fish

Police looking into two more incidents at private Toronto all-boys’ school

Police and the school have said two of the prior incidents involved an alleged sexual assault

B.C. lumber mills struggle with shortage of logs, price slump

Signs of recovery after U.S. market swings, industry executive says

25% of Canadians still won’t say they use pot, survey says

Statistics Canada poll says Canadians on average were 18.9 years old when they first tried pot.

Kootenay music mentor crushed by stolen sax, sheet music

Anyone with information is urged to call Crime Stoppers or the Trail RCMP at 250.364.2566

Most Read