AltaGas, a Canada-based energy infrastructure firm, is set to move forward with the construction of the Ridley Export Terminal on Canada's west coast.
The company has signed long-term agreements securing land tenure along with rail and marine infrastructure on Ridley Island. The terminal will be built on a site near Prince Rupert, British Columbia, which is leased by Ridley Terminals from the Prince Rupert Port Authority.
Upon completion, the facility is anticipated to be the first propane export facility on Canada's west coast. Expected to cost up to CAD500M ($374M), the terminal will be designed to ship 1.2M t of propane annually.
AltaGas' president and CEO David Harris said: "We are consulting and working with the First Nations whose traditional territory the Ridley Export Terminal is located within.
Collaborating closely with First Nations and communities to create sustainable social value is of paramount importance to us and we look forward to a long and mutually beneficial relationship with the First Nations in the region.
"Propane exports off of Canada's west coast pulls together our vision of offering Canadian producers a complete energy value chain. Together with our northeast B.C. infrastructure, once the Ridley Export Terminal is built and operating, we will give producers new access to premium Asian markets for their propane."
Construction on the project is anticipated to commence in early 2017, with the terminal expected to be operational by the first quarter of 2019. The project is expected to create up to 250 jobs during the construction phase and 40 to 50 permanent jobs once the facility is operational.
*Image source: AltaGas.