Ridley Island Energy Export Facility

The new liquid bulk storage facility will provide much needed tidewater access to global markets for Canadian products such as methanol, diesel, propane and other bulk liquids that are vital for everyday life.

To be developed on a 190-acre (77 hectare) site adjacent to AltaGas and Vopak’s existing Ridley Island Propane Export Terminal (RIPET), and administered by the Prince Rupert Port Authority, the project has been granted key Federal and Provincial permits to construct storage tanks, a new dedicated jetty, as well as rail and other ancillary infrastructure required to operate a state-of-the-art and highly efficient facility.

On April 26, 2023, AltaGas and Vopak announced the execution of definitive agreements for a new 50/50 joint venture to further evaluate development of the Ridley Island Energy Export Facility.

AltaGas has executed a long-term commercial agreement with the joint venture for 100% of the capacity for the first phase of LPG volumes, subject to a positive final investment decision. AltaGas will also be responsible for the construction and operational stewardship of the facility. Future phases of the project will be developed as additional long-term commercial agreements and critical milestones are achieved to deliver the maximum value for all stakeholders.

Further information can be found on Canada Newswire’s website.

Vopak is a world leading independent infrastructure provider with an unrivaled network of 78 terminals in 23 countries and 25+ joint venture partners.

AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy.