The CEO of North Atlantic believes the company’s expansion into France could mean a more secure energy supply for the province.

North Atlantic France has entered into exclusive negotiations to purchase 82 per cent of Esso France, and 100 per cent of ExxonMobil Chemical France.

The deal includes the purchase of the Gravenchon (GRAV-uh-shawn) oil refinery.

CEO Ted Lomond says the deal is a positive in terms of the security of the province’s energy supply.

He says they often buy product that originated at that facility. A long-term aspect of the purchase, he reveals, is to introduce green hydrogen into the refining process.