Latest news with #TrigonPacificTerminals
CBC
2 days ago
- Business
- CBC
B.C. company pressures feds to pave way for $750M gas export facility in Prince Rupert
Social Sharing A major B.C. exporter has announced it is ready to invest $750 million in a new liquefied petroleum gas (LPG) export facility in Prince Rupert, B.C. — though it still faces a legal battle against the Port of Prince Rupert in order for it to move ahead. Additionally, Trigon Pacific Terminals CEO Rob Booker is urging the federal government to expedite the approval process for the project, arguing it is in that national interest against the backdrop of a trade war with the United States that has Canada seeking new markets for its oil products. Booker says the company's board has given full spending approval for the project, which could be operational as soon as 2029 and would focus on selling product to Japan, South Korea and India, rather than the United States. If it moves ahead, it would have an annual capacity of 2.5 million tonnes per year. "I think this project clearly aligns with federal priorities with respect to Canadian energy security, Canadian export focus away from the U.S.," he said. "It's a win-win-win, in that it's shovel-ready and ready to go and has the money to do it." Trigon operates the largest export terminal at the Port of Prince Rupert, the third-busiest port in Canada. Its focus is primarily on metallurgical coal but it is seeking to diversify into liquefied gas and other products destined for overseas markets. The project is backed by both the Lax Kw'alaams and Metlakatla First Nations, who have equity positions in Trigon, as well as the Albertan government, where much of Canada's petroleum is produced. Brian Jean, Alberta's minister of energy and minerals, called the investment decision "great news for Canada and Alberta." Project could be blocked by exclusivity deal However, aside from regulatory hurdles, Trigon is also facing a legal battle in order to proceed. Last year, the company sued the Port of Prince Rupert, arguing the port is blocking its attempt to change its business model to include liquid gas exports. B.C. coal exporter suing port authority over right to send propane overseas 1 year ago Duration 1:33 The Port of Prince Rupert says Trigon Terminals can't export liquid propane to Asia because two other companies have exclusive rights to do so. Trigon, which is trying to move away from exporting thermal coal, is now suing the port authority over the matter. However, the port has an exclusivity deal with the exporters AltaGas and Vopak who have approved their own $1.35 billion export facility in Prince Rupert and who say part of that decision was based on the deal, which provides them with security in exchange for the investment of time and money needed to advance the project. The Port of Prince Rupert, for its part, has filed a countersuit against Trigon, claiming the initial lawsuit is damaging the port's reputation as a reliable partner and that violating exclusivity could harm future deals. Asked about those lawsuits, Booker said he is "confident there are several paths the federal government can take to make this a win for everyone." Emissions from fossil fuel production rising The federal government has not weighed in on the project, but last week the government of Prime Minister Mark Carney introduced new legislation aimed at fast-tracking major projects, with five criteria to determine whether they are in the "national interest." Those criteria include the project's likelihood of success, whether it would strengthen the country's resiliency and advance the interests of Indigenous Peoples, and whether it would contribute to economic growth in an environmentally responsible way. However, some environmental groups have expressed concern that the threats from the United States are being used as a way to force through projects that would previously have been blocked due to their environmental impacts. Those concerns come as much of western Canada, including parts of B.C., are once again blanketed by smoke from wildfires that have worsened, in part, because of rising temperatures. While Canada's emissions have dropped slightly, the most recent analysis from the Canadian Climate Institute found the progress was largely offset by an increase in emissions from oil and gas production, which as of last year's analysis, made up 31 per cent of Canada's national total.
Cision Canada
2 days ago
- Business
- Cision Canada
Trigon Pacific Terminals Greenlights $750 Million LPG Export Facility in Prince Rupert, Bolstering Canada's Energy Export Capacity
PRINCE RUPERT, BC, June 11, 2025 /CNW/ - Trigon Pacific Terminals (Trigon), a leading bulk commodity export terminal, today announced its Final Investment Decision (FID) for a new open-access 2.5 million MTPA LPG export facility in Prince Rupert, British Columbia. Subject to securing all necessary legal and regulatory approvals, the $750M facility is projected to start exports in late 2029, significantly enhancing Canada's objective to be a competitive energy superpower as well its as capacity to serve global energy markets. "This FID is a pivotal moment for Trigon and for Canada's energy sector, creating new pathways for Canadian LPG to reach international markets, and driving economic growth, resiliency and opportunity for Canadians," said Rob Booker, CEO of Trigon. "We've come to the table with investment dollars and now we need the federal government to expedite this shovel-ready project that is clearly in the national interest." This decision comes with support to advance to this project development stage from the Lax Kw'alaams and Metlakatla First Nations, underscoring Trigon's commitment to collaborative development and shared prosperity. "This is about bringing long-term benefits to our people, our land, and future generations, and is the next chapter of development in Prince Rupert. It reflects what's possible when communities and Nations are true partners who are meaningfully involved from the beginning," said Garry Reece, Chief Councillor, Lax Kw'alaams Band. "The shared prosperity model that Trigon has adopted ensures our communities have a strong voice, a stake and a future in major projects within our territory. We know Trigon will continue to engage with our community and others to ensure this project aligns with the interests and priorities of the Indigenous People within our region," said Chief Robert Nelson, Metlakatla First Nation. The facility also has the backing of the Alberta government, recognizing its strategic importance for Canadian energy producers. "This is great news for Canada and Alberta. We have some of the largest reserves of natural gas and natural gas liquids in the world and are working hard to meet the growing demand of our partners in Japan, Korea and Asia. This new Indigenous-backed facility will play a major role in the long-term success of these partnerships and in promoting indigenous economic reconciliation," stated Brian Jean, Alberta Minister of Energy and Minerals. The project also meets the federal government's recently identified criteria for projects of national interest, which include: strengthen Canada's autonomy, resilience and security; provide economic or other benefits to Canada; have a high likelihood of successful execution; advance the interests of Indigenous Peoples; and contribute to clean growth and to Canada's objectives with respect to climate change. The new infrastructure addresses a pressing need for Canadian energy producers who have faced significant challenges accessing export markets due to capacity constraints at existing Prince Rupert facilities, and broader impediments arising from the current western Canadian export monopoly. Trigon's open-access model will provide much-needed competition and flexibility, as an expansion of Canada's export capabilities rather than a reallocation of existing capacity. Strong international demand for Canadian LPG has been confirmed through robust off-take discussions with key partners in Japan, South Korea, and India, demonstrating the global appetite for reliable energy supplies from Canada. "Canada and Japan are important partners in the Pacific region, cooperating in a wide range of economic fields, including energy. Japan has been increasing LPG import from Canada, achieving stable import volume of two million tonnes in 2024. We welcome the expansion of competitive LPG exports from Canada, contributing to the stable energy supply for Japan," added Yamamoto, Executive Officer, General Manager, Trading and Shipping Department, Astomos Energy Corporation: "With FID in place, Trigon will continue its ongoing engagement and dialogue with Indigenous communities and the broader public as part of Trigon's commitment to meeting its consultation obligations and working to advance meaningful economic participation, engagement and reconciliation," added Booker. Trigon's Board of Directors has given its full approval to proceed, with critical infrastructure already in advanced stages of readiness. Rail access to the site is prepared, and berth loading facilities are ready for integration. Long-lead items necessary for the terminal's construction have been identified for procurement, ensuring a streamlined development timeline. Trigon Pacific Terminals Limited is a multi-commodity bulk export terminal at the Port of Prince Rupert. With a skilled workforce and proven operational excellence, it is a key link between Western Canadian commodity producers and their Asia-Pacific customers. Privately owned – with equity positions held by the Lax Kw'alaams and Metlakatla – Trigon is committed to transformational growth strategies aligned with global energy and climate-related imperatives.
Yahoo
2 days ago
- Business
- Yahoo
Trigon Pacific Terminals Greenlights $750 Million LPG Export Facility in Prince Rupert, Bolstering Canada's Energy Export Capacity
PRINCE RUPERT, BC, June 11, 2025 /CNW/ - Trigon Pacific Terminals (Trigon), a leading bulk commodity export terminal, today announced its Final Investment Decision (FID) for a new open-access 2.5 million MTPA LPG export facility in Prince Rupert, British Columbia. Subject to securing all necessary legal and regulatory approvals, the $750M facility is projected to start exports in late 2029, significantly enhancing Canada's objective to be a competitive energy superpower as well its as capacity to serve global energy markets. "This FID is a pivotal moment for Trigon and for Canada's energy sector, creating new pathways for Canadian LPG to reach international markets, and driving economic growth, resiliency and opportunity for Canadians," said Rob Booker, CEO of Trigon. "We've come to the table with investment dollars and now we need the federal government to expedite this shovel-ready project that is clearly in the national interest." This decision comes with support to advance to this project development stage from the Lax Kw'alaams and Metlakatla First Nations, underscoring Trigon's commitment to collaborative development and shared prosperity. "This is about bringing long-term benefits to our people, our land, and future generations, and is the next chapter of development in Prince Rupert. It reflects what's possible when communities and Nations are true partners who are meaningfully involved from the beginning," said Garry Reece, Chief Councillor, Lax Kw'alaams Band. "The shared prosperity model that Trigon has adopted ensures our communities have a strong voice, a stake and a future in major projects within our territory. We know Trigon will continue to engage with our community and others to ensure this project aligns with the interests and priorities of the Indigenous People within our region," said Chief Robert Nelson, Metlakatla First Nation. The facility also has the backing of the Alberta government, recognizing its strategic importance for Canadian energy producers. "This is great news for Canada and Alberta. We have some of the largest reserves of natural gas and natural gas liquids in the world and are working hard to meet the growing demand of our partners in Japan, Korea and Asia. This new Indigenous-backed facility will play a major role in the long-term success of these partnerships and in promoting indigenous economic reconciliation," stated Brian Jean, Alberta Minister of Energy and Minerals. The project also meets the federal government's recently identified criteria for projects of national interest, which include: strengthen Canada's autonomy, resilience and security; provide economic or other benefits to Canada; have a high likelihood of successful execution; advance the interests of Indigenous Peoples; and contribute to clean growth and to Canada's objectives with respect to climate change. The new infrastructure addresses a pressing need for Canadian energy producers who have faced significant challenges accessing export markets due to capacity constraints at existing Prince Rupert facilities, and broader impediments arising from the current western Canadian export monopoly. Trigon's open-access model will provide much-needed competition and flexibility, as an expansion of Canada's export capabilities rather than a reallocation of existing capacity. Strong international demand for Canadian LPG has been confirmed through robust off-take discussions with key partners in Japan, South Korea, and India, demonstrating the global appetite for reliable energy supplies from Canada. "Canada and Japan are important partners in the Pacific region, cooperating in a wide range of economic fields, including energy. Japan has been increasing LPG import from Canada, achieving stable import volume of two million tonnes in 2024. We welcome the expansion of competitive LPG exports from Canada, contributing to the stable energy supply for Japan," added Yamamoto, Executive Officer, General Manager, Trading and Shipping Department, Astomos Energy Corporation: "With FID in place, Trigon will continue its ongoing engagement and dialogue with Indigenous communities and the broader public as part of Trigon's commitment to meeting its consultation obligations and working to advance meaningful economic participation, engagement and reconciliation," added Booker. Trigon's Board of Directors has given its full approval to proceed, with critical infrastructure already in advanced stages of readiness. Rail access to the site is prepared, and berth loading facilities are ready for integration. Long-lead items necessary for the terminal's construction have been identified for procurement, ensuring a streamlined development timeline. Trigon Pacific Terminals Limited is a multi-commodity bulk export terminal at the Port of Prince Rupert. With a skilled workforce and proven operational excellence, it is a key link between Western Canadian commodity producers and their Asia-Pacific customers. Privately owned – with equity positions held by the Lax Kw'alaams and Metlakatla – Trigon is committed to transformational growth strategies aligned with global energy and climate-related imperatives. SOURCE Trigon Pacific Terminals Limited View original content to download multimedia:
