Propane Gas Terminal Proposed for Watson Island
A Canadian company has signed on to a Letter of Intent with the city of Prince Rupert to construct a $125 million to $175 million liquid propane export terminal on Watson Island.
In a statement released by the city, it outlines that Pembina will soon be conducting initial technical assessments and evaluating the project’s feasibility, in addition to meeting with local First Nations and stakeholders. Following this process, Pembina’s Board of Directors will evaluate the project and determine a Final Investment Decision (FID).
“Watson Island has great potential as a LPG export terminal location,” says Mick Dilger, Pembina’s President & CEO. “Early impressions of the site are promising, and we’re happy to be working with the City of Prince Rupert.”
“We are looking forward to a new beginning for our community as we work towards putting Watson Island back on the tax roll,” said Mayor Lee Brain. “Pembina is a Canadian company with a proven track record for supporting the communities in which they operate and has an industry-leading history of operating safely. We are happy to have the opportunity to potentially partner with them to create new local jobs and revenue that will significantly improve the quality of life for everyone in Prince Rupert.”
The Calgary-based Pembina Pipelines owns and operates an integrated system of pipelines that transport various products derived from natural gas and hydrocarbon liquids produced primarily in Western Canada.
If plans move ahead, this proponent would be the first tenant for the Watson Island site since plans were made to dismantle the former pulp mill. The project is anticipated to use only a portion of the 280 acres available on the old pulp mill site.