AltaGas and Royal Vopak have reached another important step as the development of the Ridley Island Energy Export Facility (REEF) is now under way.
Site clearing work, including logging, clearing, and drainage activities are expected to commence in the coming weeks, which will further solidify the project’s readiness prior to reaching a Final Investment Decision (FID) that is expected in the first half of 2024.
REEF, located on Ridley Island, British Columbia, Canada, will be a large-scale coastal terminal that will have the capability to export liquified petroleum gases (LPG), methanol, and other bulk liquids that are vital for everyday life.
Following a five-year environmental preparation and review process, extensive engagement with indigenous rights holders and local communities and thorough planning, the joint venture is set to deliver a project that will operate with industry-leading environmental stewardship focused on bringing the strongest benefits to all stakeholders.
REEF has been granted the key Federal and Provincial permits to construct storage tanks, a new dedicated jetty, and rail and other ancillary infrastructure required to operate a state-of-the-art facility.
The project will be developed on a 190-acre (77 hectare) site on lands administered by the Prince Rupert Port Authority for which the joint venture has executed a long-term lease.