AltaGas and Vopak Reach Positive Final Investment Decision on Ridley Island Energy Export Facility
EFFECTIVE May 30, 2024
PRINCE RUPERT, BRITISH COLUMBIA – The Prince Rupert Port Authority congratulates Vopak and AltaGas on their positive final investment decision on the Ridley Energy Export Facility (REEF). This is an incredible milestone for the Port of Prince Rupert as it marks the largest investment in the Port’s history, with a capital cost of $1.35 billion.
REEF will provide unprecedented market access for Canada’s energy sector by facilitating the export of liquefied petroleum gases, methanol, and other bulk liquids. This project solidifies Canada’s critical role in the global energy transition and also confirms the Port of Prince Rupert’s leading role in enabling and diversifying Canada’s trade portfolio.
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