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Title: Trinidad Leaseholds Refinery, Aerial View
Identifier: TX0033
Date of Original Photo: 1950
Image Type: B&W Photo, 24x19 cm
Subject: Trinidad Leaseholds Canada Ltd.
Donor: Texaco Canada Ltd
Location: 250 Lakeshore Road West

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Description: Aerial view of Trinidad Leaseholds Refinery (also known as Regent Oil),from the village water tower. By importing all its crude petroleum from a sterling area, Trinidad, B. W. I., Trinidad Leaseholds Canada Ltd was effecting a saving in U. S. dollars "running well into the millions" as a company official stated at the time. Through its association with Trinidad Leaseholds Ltd., largest oil producers in the British Empire, the Port Credit refining and marketing company was assured of an adequate supply of crude oil to meet its expanding requirements. Since acquisition of the former Good Rich Refining Co. in late 1946, a sizeable expansion program had been under way. Refinery capacity was substantially increased and storage capacity was boosted by 50 per cent. Retail outlets were doubled and sales showed a steady rise and ran about 22 per cent ahead of the late 1946 figures. Dollars for the expansion program were supplied from the increased earnings of the Canadian operations.
Agency: Mississauga Library System