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

Downtown Automotive awarded for hiring practices

The annual award is handed out by the Kootenay Career Development Society

Castlegar, Grand Forks areas to see cleaner winter roads under new contract

YRB set to take over 10-year maintenance contract on Monday

VIDEO: Nelson Tennis Club’s new home opens

The revitalized courts above LVR had their grand opening Saturday

Purcell withdraws from Nelson council election

First-time candidate Heather Keczan has also withdrawn

U.S. Court upholds Teck pollution ruling

Teck appealed a previous decision that it must pay $8.25 million in Colville Confederated Tribes’ court costs

VIDEO: Rare close encounter with whale pod spotted off B.C. waters

Pod of southern resident orca whales breach within arms length of whale watchers

Tempering the B.C. cannabis legalization ‘gold rush’

Retail selling of marijuana offers potential business opportunities and pitfalls

B.C. cancer patient’s case exposes gaps in care for homeless people: advocates

Terry Willis says he’s praying for a clean, safe place to live to undergo the cancer treatments he needs after he was denied chemotherapy because he lives in a Victoria homeless shelter.

Trump boasts of America’s might, gets laugh at UN

President Donald Trump received an unexpected laugh at the United Nations General Assembly on Tuesday.

Federal use of A.I. in visa applications could breach human rights, report says

Impacts of automated decision-making involving immigration applications and how errors and assumptions could lead to “life-and-death ramifications”

Rattie scores 3 as Oilers blank Canucks 6-0

Vancouver slips to 1-5 in exhibition play

Veterans Affairs ordered to take second look before supporting vets’ relatives

Liberal government ordered officials to adopt a more critical eye

Dead B.C. motorcyclist was member of group that raced down mountain road

Some group members record their rides on Strathcona Parkway and post times to page

Indigenous athletes in spotlight at BC Sports Hall of Fame

New gallery to feature Carey Price, Kaila Mussel and Richard Peter

Most Read