PRINCE
RUPERT, BC, July 11,
2024 /CNW/ - Prince
Rupert's Trigon Pacific Terminals Limited (Trigon) has
reached a key milestone in the construction of its Berth Two Beyond
Carbon (B2BC) project, with the marine works construction now over
50 per cent complete. Seventy-five per cent of the piles that will
form a permanent part of the structure are now in the water, the
new marine habitat artificial reef is in place, and the final
project phase – installation of the topside berth equipment –
remains on schedule for completion by the end of 2026.
B2BC is a key component of Trigon's diversification strategy and
will nearly double the terminal's capacity from 18.5 million tonnes
to an estimated 33.5 million tonnes annually.This $173-million investment has been made possible
with the support of Transport Canada's National Trade Corridors
Fund.
"We are actively diversifying with a focus on energy exports
from Alberta and British Columbia, most notably low-carbon
hydrogen-as-ammonia and liquid petroleum gas [propane], as well as
a variety of other Canadian bulk liquids," said Rob Booker, CEO of Trigon. "We are the only
project far enough advanced to enable Canadian ammonia producers to
meet the procurement timelines of key Asian markets."
For decades, Trigon has been a vital trade link between
Western Canada and the
Asia-Pacific, and in 2023
accounted for almost half of all exports by volume through the Port
of Prince Rupert. Diversification
will further solidify Trigon's position as the 'go-to' north coast
export terminal.
"We strongly believe in the critical importance of providing a
gateway terminal for Canadian exporters that puts safety,
environmental performance and community first. In doing so, our
customers and our communities have the confidence that we are
working towards a sustainable future for everyone," added
Booker.
It is anticipated that the berth will be ready to receive its
first vessel in early 2027. Once operational, the berth will have
capacity for Supramax and Panamax-sized vessels, including VLGCs
(Very Large Gas Carriers) and VLACs (Very Large Ammonia Carriers)
with a draft of 13 metres, a breadth of up to 38 metres, and an
overall length (LOA) of up to 230 metres.
In addition to the B2BC project, Trigon is also advancing two
other key projects. The Trigon Pacific LPG project will
repurpose some of the storage area currently used for thermal coal
handling. Trigon is also preparing its industrial-zoned "Area A"
lands for future development – anticipated to be the site of bulk
liquid storage and handling infrastructure.
Trigon Pacific Terminals Limited is a
multi-commodity 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 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.
Background on Trigon and the Hydrogen Export
Opportunity
Trigon Pacific Terminals: A modern, deep-sea marine terminal
located in Prince Rupert
- Began operations in 1983 as a federal Crown Corporation,
privatized in 2019, with partial ownership by two Indigenous
Nations
- Operates 24/7 with highly skilled workforce (ILWU Local 523)
- Rail car unloading at up to 6,000 tonnes/hour
- Storage of up to 1.4 million tonnes on site
- Ship loading at up to 9,000 tonnes/hour
- Workforce of ~130, and significant socio-economic benefits
- $26.7 million annual
payroll/benefits
- $12.7 million annual procurement
spend
- $2.3 million annual tax payments
to City of Prince Rupert
- $250,000+ in annual community investments
- Benefits Agreements with local Indigenous Nations
- Formerly known was Ridley Terminals Inc., Trigon rebranded
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-as-ammonia are widely seen as among the
most promising emission-free fuels with potential to displace
significant volumes of fossil fuels across diverse
applications.
- The International Energy Agency has identified hydrogen and
hydrogen-based fuels as a key pillar of global efforts to reach
net-zero carbon emissions; suggesting that under a net zero
emissions scenario it could account for 10 per cent of total final
energy consumption by 2050.
- Canada, British Columbia and other provinces are among
a growing number of jurisdictions around the world to have formal
strategies relating the production, acquisition and deployment of
hydrogen, and to the associated economic opportunities.
- Japan was first with such a
strategy, and continues its aggressive efforts to secure
significant hydrogen supplies and advance their commercial
application.
- Earlier this year, for example, Japan's biggest power generator (JERA)
launched an international procurement process through which it
intends to buy 500,000 tonnes of ammonia annually beginning in 2027
under long-term contract.
SOURCE Trigon Pacific Terminals Limited