Royal Vopak and AltaGas to jointly invest in Canada’s propane export terminal project

WCN Editorial Team 12 May 2017 NORTH AMERICA ENERGY & UTILITIES

Royal Vopak and AltaGas have formed a joint venture and are set to jointly invest in the Ridley Island Propane Export Terminal (RIPET) project off the west coast of Canada.

The project will be located on a site near Prince Rupert in British Columbia, on land leased by Ridley Terminals Inc. from the Prince Rupert Port Authority.

The new propane export facility will have the capacity to ship 1.2M tonnes of propane annually and will have a storage capacity of around 96,000 cb m.

Eelco Hoekstra, Royal Vopak CEO and chairman of the executive board, said: "Storage and handling of gas is an important strategic focus area for Vopak. We are confident that we have found a strong partner in AltaGas that is a well-respected Canadian company with experience in developing energy projects."

AltaGas president and CEO, David Harris, added: “Vopak is a very strategic global tank storage company and brings significant experience in terminals worldwide. We look forward to working with them on RIPET as well as considering future opportunities to further build out our joint venture."

The facility is expected to be commissioned in the first quarter of 2019.

* For more information on the Canada construction market, visit the Construction Intelligence Center Report Store.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2022 GlobalData. All rights reserved.