As the world continues to deal with the impact of COVID-19, companies are adapting operations and seeking new opportunities to stay on the cutting edge and spur growth. That is why the Government of Canada is investing in Russell Industries Corp. to help the company acquire new technology to scale-up and improve productivity.
New equipment will improve operations and create new jobs
Today, Wayne Long, Member of Parliament for Saint John-Rothesay, on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for ACOA, announced a repayable contribution of $750,385 to Russell Industries to support the purchase of new innovative tank cleaning equipment.
The equipment will help the company reduce costs and manual labour involved in cleaning liquid petroleum tanks, improve safety and workflow, and create 10 new jobs at the Russell Industries-owned Allerion Oilfield Services facility in Saint John.
Today’s announcement further demonstrates the Government of Canada’s commitment to help businesses innovate and seize new opportunities to adapt and grow.
“Helping businesses grow and innovate so they can improve capacity and create good quality jobs is at the heart of our plan to build a stronger, more resilient economy. We are here for businesses as they find opportunities to expand and stay resilient for the future.”
– The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for ACOA
“Strong local economies rely on the prosperity and growth of their businesses and entrepreneurs. I’m pleased that the Government of Canada, through ACOA, is making investments in companies like Russell Industries to help improve their service delivery and bring continued success to the region.”
– Wayne Long, Member of Parliament for Saint John – Rothesay
“We are quite excited about the addition of the BLABO system, and when we combine this with our proprietary Jetmixing technology, Allerion offers the best value proposition in our industry; with unparalleled safety, reduced waste and emissions, and offering our customers the
greenhouse gas emission reductions that the refinery industry is demanding of their suppliers.”
– Mike Wilkins, President, Allerion Oilfield Services Inc.
Russell Industries Corp. is a project and maintenance company serving the power generation, heavy industry and marine industries.
Allerion Oilfield Services is one of Canada’s leading aboveground storage tank experts, specializing in the oil and petrochemical industries.
Allerion was purchased by Russell Industries in November of 2017.
The BLABO system is an automated oil tank cleaning system especially designed to clean large volume, difficult-to-clean crude oil, heavy fuel oil (HFO) and other black oil tanks.
Funding for this project is provided through the Atlantic Canada Opportunities Agency’s Regional Economic Growth through Innovation (REGI) program, which supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation.