Name of the Project
Ridley Island energy export facility (Reef).

Location
Reef will be developed on a 77 ha site adjacent to AltaGas and Vopak’s existing Ridley Island propane export terminal on Ridley Island, British Columbia, Canada.

Project Owner/s
The project is a joint venture (JV) between AltaGas and Royal Vopak.

Project Description
Reef is a proposed large-scale liquefied petroleum gas (LPG) and bulk liquids terminal with rail, logistics and marine infrastructure.

The project will be developed and brought online in phases. 

Phase 1 will include about 55 000 bbl/d of initial LPG export capacity, including propane and butane, 600 000 bbl of LPG storage, a new dedicated multiproduct jetty, and extensive rail and logistics infrastructure. 

The infrastructure will include ten dual-sided rail offloading slots and 25 km of multitrack infrastructure that is unit-train capable, and will provide flexibility to overcome congestion and outages.

More than 80% of Phase 1 capital investments will be leveraged in future Reef phases. In subsequent phases, the JV will have the option to progress evaluation work on fuels of the future such as hydrogen.

Potential Job Creation
Not stated.

Capital Expenditure
Projected gross JV capital is estimated at $1.35-billion, excluding government incentives and support.

Planned Start/End Date
The bulk of Reef’s construction activities are planned to take place over 2025 and 2026, with select workstreams starting in 2024. 

The project is expected to come online towards the end of 2026.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
AltaGas analysts and investors: Senior VP corporate development and investor relations Jon Morrison, email Jon.Morrison@altagas.ca or VP investor relations Aaron Swanson email Aaron.Swanson@altagas.ca.
AltaGas media enquiries senior communications adviser Bryn Lukowiak, email media.relations@altagas.ca.
Vopak analysts and investors: head of investor relations Fatjona Topciu, email investor.relations@vopak.com.
Vopak press: Manager external communication Liesbeth Lans, email global.communication@vopak.com.