PRINCE RUPERT, BC, November 16, 2022 /CNW/ – Prince Rupert Trigon Pacific Terminals Limited (Trigon) is pleased to announce a $75 million award from the Federal National Trade Corridors Fund to enable major expansion and near doubling of export capacity, and also support Trigon’s well-advanced diversification strategy.
$75 million the federal government’s NCTF award to Trigon Pacific Terminals to double green power export capacity
“Thanks to this federal support, we will be able to accelerate the construction of the second wharf of our terminal – the $163 million B2BC or Project Berth 2 Beyond Carbon,” says Trigon President and CEO Rob Booker. “This project will make Trigon an even more valuable point of connection between Western Canadian exporters and Asia Pacific green energy market opportunities.”
“The B2BC project not only reinforces Trigon’s role as an engine of global commerce through the port of Prince Rupertbut it is also a positive and encouraging step forward towards a more sustainable future for all,” said Harold LeightonChief Advisor to Metlakatla and CEO of Metlakatla Development Corporation.
B2BC is a keystone of Trigon’s diversification strategy and will help accelerate the energy transformation in Canada and globally, says Booker. The second wharf was designed specifically to allow for an evolution over time towards the management of green energy exports, such as hydrogen-based fuels.
“Trigon’s B2BC project is a key part of the transformation journey – creating opportunities for our people, for Prince Rupert and for many other communities around the world who will benefit from the planned green energy exports,” said Garry ReeceMayor of Lax Kw’alaams.
“Canada has the potential to be a major player in global hydrogen markets, but we must act quickly to capitalize on this incredible opportunity,” says Booker. . And this in turn will position us to take full advantage of emerging competitive advantages such as those of the Edmonton area Hydrogen HUB. »
The B2BC project will increase Trigon’s throughput capacity from 18.5 million tonnes to approximately 33.5 million tonnes per year. It will also reduce vessel wait times by optimizing the configuration and efficiency of existing berthing infrastructure and make better use of CN’s northern rail corridor serving the terminal, which will help improve the stability of the Supply Chain.
B2BC is fully licensed with construction to begin this fall and first “on-dock” product slated for 2026. Within five years, the project is expected to drive annual economic growth for $1.2 billionwith increasing socio-economic benefits in the longer term.
Trigon’s existing berth is purpose-built to handle today’s commodity mix, which primarily includes steelmaking, thermal coal and petroleum coke. The construction of B2BC will allow the continued operation of the terminal and the employment of its workforce, while providing a dedicated platform for alternative and clean energy exports.
The berth was designed for multiple products, including hydrogen in the form of ammonia, renewable fuels and biofuels, methanol/ethanol or additional liquefied petroleum gas, and potentially hydrogen itself. same. It will also create capacity at the existing berth for handling wood pellets and biomass, and potentially other bulk exports such as grain, potash and mineral concentrates (including copper, which is an integral part of electrification). The Trigon site includes sufficient space for the development of landside storage and handling areas that may be required.
The production, transport and use of hydrogen – for purposes such as power generation and fuel transport – is increasingly seen as a crucial part of decarbonization strategies. Canada has significant expertise and production potential relating to both blue hydrogen, using natural gas combined with carbon capture technologies; and green hydrogen, produced by electrolysis of water from renewable energy sources.
Over the past few months, Trigon has been involved in extensive exploration of hydrogen as ammonia export opportunities, including well-advanced discussions with potential Western Canadian producers and Asian buyers, as well as with other key supply chain partners. Preliminary commercial agreements are in place between Trigon and several potential commercial partners with an interest in the production and shipping of ammonia.
The National Trade Corridors Fund (NTCF) is a federal government initiative aimed at supporting the growth or generation of new overseas trade flows, as well as improving the fluidity and performance of from Canada Transportation system.
Trigon Pacific Terminals Limited is a multi-cargo bulk and liquefied gas 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 clients. A private company – with interests held by the Coast Tsimshian First Nations of Lax Kw’alaams and Metlakatla – Trigon is committed to implementing transformational growth strategies aligned with global energy and climate imperatives.
Background to Trigon and the Hydrogen Export Opportunity
Trigon Pacific Terminals: a modern deep-water marine terminal located in Prince Rupert
Started operations in 1983 as a federal Crown corporation, privatized in 2019, with partial ownership by two Indigenous nations
Operates 24/7 with a highly skilled workforce (ILWU Local 523)
Workforce of approximately 130 people and significant socio-economic benefits
Formerly known as Ridley Terminals Inc., Trigon changed its name earlier in 2022 to better reflect its current ownership and diversified vision for growth
The hydrogen export opportunity: a global market valued at up to $11.7 trillion by 2050.
Hydrogen and hydrogen in the form of ammonia are widely considered to be among the most promising emission-free fuels with the potential to displace significant volumes of fossil fuels in various applications.
The International Energy Agency has identified hydrogen and hydrogen-based fuels as a key pillar of global efforts to achieve net zero carbon emissions; suggesting that in a net zero emissions scenario, it could represent 10% of total final energy consumption by 2050.
Canada, British Columbia and other provinces are among a growing number of jurisdictions around the world that have formal strategies related to hydrogen production, acquisition and deployment, and associated economic opportunities.
Japan was the first to adopt such a strategy and continues its aggressive efforts to secure large hydrogen supplies and advance their commercial application.
Earlier this year, for example, from Japan largest electricity producer (JERA) has launched an international procurement process whereby it intends to purchase 500,000 tons of ammonia per year from 2027 under a long-term contract.
SOURCE Trigon Pacific Terminal Limited
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