Cenovus plans to invest $1.5 billion into Lima plant

ALLEN COUNTY, OH (WLIO) - A major new investment is being made in Ohio by one of Lima and Allen County's largest employers.

According to a statement from Cenovus Energy, the company plans to make a significant investment in its Lima and Toledo refineries over the next five years. That will mean over $1.5 billion in maintenance, reliability measures, and market access projects here in Ohio. The company will also expand its regional headquarters in Dublin, in central Ohio, adding as many as 115 additional jobs there. 

Cenovus plans to invest $1.5 billion into Lima plant

In a statement from the company, Doreen Cole, Cenovus's Executive Vice President, Downstream, is quoted as saying, "As we continue to grow our business in Ohio, with its strengthening energy sector, keeping our U.S. regional headquarters in Dublin was an obvious choice. Ohio offers a vital strategic location, a skilled workforce, and a supportive business environment, making it an ideal choice."

Cenovus is the largest refiner in the state and employs almost 1,200 staff members in Ohio.

April 12, 2024, 4:00 PM Edit/Correction: Corrected an error in the title. 

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