Vopak, a tank storage company based in Rotterdam, Netherlands, is partnering with AltaGas on the Ridley Island Terminal propane terminal project. Photo by: Wikimedia Commons

Vopak teams up with AltaGas for propane terminal

A global tank storage company is investing in the Ridley Island propane terminal in Prince Rupert

An international tank storage company has joined up with AltaGas for the propane terminal project on Ridley Island.

Royal Vopak is taking 30 per cent interest in the project, which will be the first propane export terminal on Canada’s west coast.

“Vopak is a very strategic global tank storage company and brings significant experience in terminals worldwide. We look forward to working with them on RIPET (Ridley Island Propane Export Terminal) as well as considering future opportunities to further build out our joint venture,” said David Harris, president and CEO of AltaGas in the press release.

Vopak is based in Rotterdam, Netherlands and operates along major trade routes around the world. The company boasts a 400-year history, operating 67 terminals in 25 countries with a combined storage capacity of 35.7 million cbm. By 2019, when the Ridley Island terminal is expected to be complete, they will add another 2.8 million cbm of stoarge.

“Storage and handling of gas is an important strategic focus area for Vopak. We are confident that we have found a strong partner in AltaGas that is a well-respected Canadian company with experience in developing energy projects,” said Eelco Hoekstra, chairman of the executive board and CEO of Royal Vopak.

AltaGas made its final investment decision in January for the propane export terminal, a project that will ship 1.2 million tonnes of propane per year out of Ridley Island. Work camps for the project, based in Port Edward, were expected to be complete by the spring for an estimated 200-250 workers.

The export facility will receive B.C. and Alberta propane from 50-60 rail cars a day. In the press release, the company said that Ridley Terminal’s land and water rights enables the loading of large gas carriers to access global markets. The location also offers a shorter distance to markets in Asia where it only takes 10-days for shipping as opposed to 25-days from the U.S. Gulf Coast.

“Separate from RIPET, Vopak has additional land rights on Ridley Island. Vopak and AltaGas will explore the potential to expand their relationship on Ridley Island,” the press release stated, suggesting more investment to come.

Just Posted

Sustainble economy flourishing in Haida Gwaii and Great Bear Rainforest thanks to First Nations investments

From 2008-2018, funding initiatives led to more than $286 million in new investments

Cats of Third Avenue fire are safe and sound

Boris, Ben, Boomboom, and Bella were found two days after their home was set ablaze

St. Paul’s Lutheran Church hosting second flea market for Prince Rupert community

Prince Rupert community members are welcome to come browse or donate stuff for sale

Rushbrook Trail receives its annual spring spruce up

Kaien Island Trail Soceity and volunteers are keeping Prince Rupert’s trails clean

Prince Rupert school board meeting briefs: PRMS construction top priority

School District 52 seeks to replace Prince Rupert Middle School and Conrad Elementary

First ever Nisga’a mortuary totem pole unveiled in Prince Rupert cemetery on Father’s Day weekend

The pole was unveiled at Fairview Cemetery in honour of the late Robert Tait, renowned carver

WEB POLL: Would you like to see another mural go up where Zorba’s Taverna’s old one used to be?

The iconic quirky mural from Prince Rupert’s Greek restaurant was painted over this week

B.C. VIEWS: When farmland protection doesn’t protect farmers

Secondary residences aren’t mansions, families tell Lana Popham

Bombers down B.C. Lions 33-23 in season opener

Former Lion Andrew Harris leads Winnipeg with 148 rushing yards

Northern B.C. family remembers murdered Indigenous woman with memorial walk

Still no closure for Ramona Wilson’s family 25 years later

Give Hope Wings fundraiser launches Saturday from Pitt Meadows

Flying marathon will benefit low income Canadians needing flights for medical treatment

B.C. university to offer mentorship program for former youth in care

Students using the provincial tuition waiver program will soon be able to form a community at KPU

Cyclists competing in one of the toughest bike races on the planet pass through Fernie

Divide riders looking strong as they finish first leg of 4160 km race

You might not know these B.C. records are public

Hired a lawyer to file a civil claim? Those are published online

Most Read