AltaGas and Royal Vopak give final OK to build B.C. export facility

AltaGas Ltd. and joint venture partner Royal Vopak have approved a final investment decision for a large-scale liquefied petroleum gas and bulk liquids terminal project near Prince Rupert, B.C.

The decision to go ahead with the Ridley Island Energy Export Facility comes after a five-year environmental preparation and review process.

The companies say site clearing work is more than 95 per cent complete and the project is expected to come online near the end of 2026.

The capital cost of the project is estimated at $1.35 billion.