Independent journal on economy and transport policy
07:52 GMT+2
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Vopak and AltaGas will realize a harbour terminal for the propane export from the coast the west of Canada
the investment will pile to 450-500 million dollars
May 8, 2017
The terminalista group Dutch Vopak has constituted joint venture with the energetic group Canadian AltaGas with the scope of realized a terminal for the propane export, the first harbour terminal of this type on the western coast of Canada. New society RIPET will be participated to 30% from Vopak and 70% from AltaGas. The investment for the execution of the project will pile to 450-500 million dollars.
New Ridley Island Propane Export Terminal (RIPET) will be constructed near Prince Rupert on an area that is managed by Ridley Terminals Inc. (RTI) within a contract of concession with the Harbour Authority of Prince Rupert.
The terminal will have a storage capability of 96 thousand cubic metres. The system will become operating in the first trimester of 2019 and, second the forecasts, will realize a annual traffic of 1,2 million tons of propane.
Vopak and AltaGas have emphasized that the new terminal will be placed strategically in consideration of its vicinity to the Asian markets, approachable in 10 days of navigation regarding the 25 days necessary in order to reach the Asian coasts from the terminals of the USA Gulf.
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