SUGAR LAND, TX--(MARKET WIRE)--Aug 21, 2008 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Husky Energy Incorporated (Toronto:HSE.TO - News) (Calgary, Alberta) is evaluating options of possibly investing $1 billion at its Lima, Ohio refinery, which the company acquired in May 2007 from Valero Energy Corporation (NYSE:VLO - News) (San Antonio, Texas). Husky Energy purchased the Ohio refinery for an estimated $1.9 billion to expand its downstream business sector. The company will reconfigure and expand the refinery to process sour and heavy crude feedstock from oil sands in Western Canada.

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