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Researched by Industrial Info Resources (Sugar Land, Texas)--AltaGas Limited (TSX:ALA) (Calgary, Alberta) announced a positive final investment decision for the proposed Ridley Island propane export terminal, near Prince Rupert, British Columbia. The project has an estimated total investment value of up to $500 million. Industrial Info is tracking $1.98 billion of active projects involving AltaGas.
The Ridley Island propane export terminal will be designed to ship 1.2 million tonnes per year of propane from British Columbia. In a press release regarding the project, AltaGas says the terminal "is expected to be first propane export facility on Canada's west coast" and has the advantage of a 10-day shipping time to Asia, compared to 25 days from the U.S. Gulf Coast. The project is expected to begin construction early this year and be in operation by the first quarter of 2019.
AltaGas has signed a memorandum of understanding with Japanese company Astomos Energy Corporation (Tokyo) for the purchase of at least 50% of the propane exported from the terminal. AltaGas says that, based on current and future production from its own facilities, it will be able to supply 50% of the 1.2 million tonnes per year of the exported propane, with the balance coming from other producers.
One such project that almost certainly will help supply the new propane export facility is AltaGas' planned natural gas fractionator addition at its plant near Fort Saint John, British Columbia. At the existing 198 million-standard-cubic-feet-per-day processing plant, AltaGas will construct a natural gas fractionator addition to process 35,000 barrels per day (BBL/d) of natural gas liquids (NGL) in the Montney Shale. The $100 million project is expected to kick off this summer and be completed by the end of the year.
AltaGas also plans to construct a grassroot facility to produce 20,000-BBL/d of NGL and condensate at the North Pine cryogenic NGL plant in Calgary. Construction is expected to kick off in the first quarter of this year and be completed by summer 2018. A second 10,000-BBL/d train has been proposed, which could begin construction this summer, taking a little more than a year to complete. The projects have a combined total investment value of $180 million.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
The Ridley Island propane export terminal will be designed to ship 1.2 million tonnes per year of propane from British Columbia. In a press release regarding the project, AltaGas says the terminal "is expected to be first propane export facility on Canada's west coast" and has the advantage of a 10-day shipping time to Asia, compared to 25 days from the U.S. Gulf Coast. The project is expected to begin construction early this year and be in operation by the first quarter of 2019.
AltaGas has signed a memorandum of understanding with Japanese company Astomos Energy Corporation (Tokyo) for the purchase of at least 50% of the propane exported from the terminal. AltaGas says that, based on current and future production from its own facilities, it will be able to supply 50% of the 1.2 million tonnes per year of the exported propane, with the balance coming from other producers.
One such project that almost certainly will help supply the new propane export facility is AltaGas' planned natural gas fractionator addition at its plant near Fort Saint John, British Columbia. At the existing 198 million-standard-cubic-feet-per-day processing plant, AltaGas will construct a natural gas fractionator addition to process 35,000 barrels per day (BBL/d) of natural gas liquids (NGL) in the Montney Shale. The $100 million project is expected to kick off this summer and be completed by the end of the year.
AltaGas also plans to construct a grassroot facility to produce 20,000-BBL/d of NGL and condensate at the North Pine cryogenic NGL plant in Calgary. Construction is expected to kick off in the first quarter of this year and be completed by summer 2018. A second 10,000-BBL/d train has been proposed, which could begin construction this summer, taking a little more than a year to complete. The projects have a combined total investment value of $180 million.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
