AltaGas Ltd. and Royal Vopak NV have approved construction of a $1.35-billion terminal that will export energy products such as propane to Asia from British Columbia.
“AltaGas and Royal Vopak are pleased to announce a positive final investment decision,” the companies said in a joint release. “We would not be here without the support and consultation of our Indigenous partners and the community.” A neighbouring business, however, complained last year about what it views as the port authority unfairly favouring REEF.
New York-based Riverstone Holdings LLC and AMCI Group of Connecticut own 90 per cent of Trigon, while the Lax Kw’alaams Band and the Metlakatla First Nation hold the remaining 10 per cent. “Local residents are advancing careers in an industry that was new to Prince Rupert,” Prince Rupert Mayor Herb Pond said in an e-mail this week, adding that new tax revenue from the joint venture has helped strengthen the community.