Irving Oil announced in fall 2006 that it had purchased more land near Canaport and was examining the feasibility of constructing another refinery in the area to complement the original modernized 1960s-era refinery in the east end of Saint John; the new refinery was to be named the "Eider Rock Refinery" and was to be built under a partnership between Irving Oil and BP plc. On July 24, 2009 both companies announced that they were indefinitely postponing plans to build the second refinery.