The Globe and Mail reports in its Thursday edition that Deloitte & Touche consultant Ron Loborec says Pacific Future Energy's proposed bitumen refinery project makes economic sense. The Globe's Brent Jang writes that Pacific Future wants to refine Alberta oil and ship it to Asia. Mr. Loborec expects the cost of bitumen supplies from the oil sands will be sharply lower than the revenue from exporting refined petroleum products. He says: "This oil refinery will be profitable. Diesel will be the highlight and it is highly sought after." Pacific Future is seeking overseas investors to help start the ambitious project to be located near Prince Rupert. Plans for the $11.4-billion (U.S.) refinery feature the latest in technology, including carbon capture and storage. The result would be low emissions in the refining process to produce 216,000 barrels a day of petroleum products such as diesel, gasoline, propane and jet fuel. Most of the output would be exported to Asia. Pacific Future is studying transporting crude by rail to Prince Rupert, though a pipeline is possible if conditions change to allow Enbridge or TransCanada to build a line from Alberta to northwestern B.C., says Mr. Loborec.