The Heavy Oil Capital

Lloydminster holds a place of economic distinction as the ‘Heavy Oil Capital of the World.' Heavy oil production has been an economic driver of the Lloydminster region for decades. Two significant facilities in the Lloydminster region include the Cenovus Energy Oil Refinery, located in the City of Lloydminster, and the Cenovus Energy Heavy Oil Upgrader, located in the neighbouring Rural Municipality of Wilton. The majority of Cenovus Energy heavy oil assets are located in the Lloydminster region of Alberta and Saskatchewan, where it holds approximately two million litres.

Deep Roots in Agriculture

Since the pioneer days, the agriculture industry has been a cornerstone of the region's economy. Wheat, barley, and canola typically account for more than 30 per cent of the total acreage sown in the Lloydminster area. Home to one of Canada's largest canola crushing facilities and Canada's largest biodiesel plant, Lloydminster has long been a manufacturing and value-added destination for agriculture and oil industries.

Comfort and Hospitality

Products and services are easily accessible, often within a seven-minute drive. With over 1,400 hotel and motel rooms and a wide range of facilities and parks, Lloydminster is also recognized as an event and meeting destination. In recent years, Lloydminster welcomed popular franchises including Best Buy, Home Depot, HomeSense, Old Navy and Rona; to name a few. These retailers conduct extensive due diligence and their research shows Lloydminster is a community on the move, providing excellent long-term potential.