AltaGas Green-Lights Propane Export Terminal At Ridley Island

It's a go!!

AltaGas has announced it's going ahead with its 475-million-dollar Ridley Island Propane Export Terminal at Prince Rupert. 

The Calgary-based company says it'll begin construction "soon" on the project, with the goal of exporting propane by early 2019.

In a news release issued yesterday, AltaGas President and CEO David Harris said the company will continue to consult and work with First Nations, on whose traditional territory the Ridley Export Terminal is located within.

 

The terminal will be the first propane export facility on Canada’s west coast, and will be designed to ship 1.2 million tonnes of propane per year, from AltaGas's propane facilities in northeastern BC. 

Premier Christy Clark says the facility is a promising development that will connect producers in the northeast of the province to markets in Asia.

The project is expected to create 200 to 250 construction jobs and about 40 to 50 permanent jobs once operational.

AltaGas has a definitive agreement to sell at least half of the propane exports from the Ridley Terminal to Japan-based Astomos Energy Corporation, and is in discussions with several buyers on further capacity commitments.