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Media mogul David Black is proposing a $13-billion oil refinery for Kitimat, British Columbia, to process oil from the controversial Northern Gateway pipeline.

Black acknowledges he doesn’t yet have investors and hasn’t had buy-in from Enbridge, First Nations or the provincial government.

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Black, owner of Black Press Ltd, said on Friday that the plant would process up to 550,000 barrels a day of crude at a site near Kitimat, the terminus of the proposed Northern Gateway line.

He plans to pay for the environmental assessment, but says he wants investors to come together to pay for the refinery.

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Black says the idea addresses concerns around oil tankers traversing the B.C. coast because refined fuel such as gasoline is easier to clean up.

Under the current plans for the $6-billion Northern Gateway pipeline, tankers would take the diluted bitumen from an oil port at Kitimat and ship it to California and across the Pacific, diversifying markets for Canada’s oil producers.