The upgrader, which would convert tar-like bitumen from the oil sands into refinery-ready crude, would be built in two 50,000 barrel-a-day phases. The first stage is expected to be complete in 2010, the company said.

Calgary-based Synenco owns 60% of the Northern Lights project, which includes an oil sands mine near Fort McMurray in northern Alberta and the upgrader near Edmonton.

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