Wednesday, November 16, 2022

Trigon Pacific Terminals to receive 75 million dollars in funding from Federal Government towards second berth at Ridley Island facility

Plans are moving forward towards a second berth on Ridley Islands
at Trigon's Prince Rupert terminal location
(image from Trigon)

Plans for a second berth at the Ridley Island shipment terminal operated by Trigon Pacific will move forward at a quicker pace, that following a funding announcement from the Federal Government today that will deliver 75 million dollars in funding through the National Trade Corridors Fund.

The federal funds to be used to advance the construction of a second terminal at the Ridley island location part of Trigon's B2BC project which is short for Berth 2 Beyond Carbon project. 

As Trigon explains it: B2BC is a keystone of Trigon's diversification strategy, and will help enable accelerated energy transformation in Canada and globally, Booker says. 

The second berth has been designed specifically to enable a shift over time towards handling green energy exports, such as hydrogen-based fuels. The B2BC project will increase Trigon's throughput capacity from 18.5 million tonnes to an estimated 33.5 million tonnes annually. 

It will also reduce wait times for vessels by optimizing the configuration and efficiency of existing berthing infrastructure, and will better leverage the CN northern rail corridor that serves the terminal – contributing to improved supply chain stability. 

B2BC is fully permitted with construction getting underway this fall and the first product "over the dock" targeted for 2026. 

Within a five-year timeframe, the project is anticipated to drive annual economic growth of $1.2 billion, with expanding socio-economic benefits in the longer term.  

Trigon President and CEO Rob Booker seen above meeting
with Transportation Minister Omar Alghabra earlier this 
month. The Federal Government announced funding towards
a second berth at Ridley Island today
(photo from Trigon)

Two of the principle partners in Trigon highlighted the positive nature of today's announcement and what it holds for the future of the region.

"The B2BC project not only solidifies Trigon's role as a driver of the global trade through the Port of Prince Rupert, but is also a positive and encouraging step forward towards a more sustainable future for everyone,"  -- Harold Leighton, Metlakatla Chief Councillor and CEO of the Metlakatla Development Corporation. 


"Trigon's B2BC project is a key part of the journey of transformation – creating opportunity for our people, for Prince Rupert and for many other communities around the globe who will benefit from the planned green-energy exports," -- Garry Reece, Mayor of Lax Kw'alaams.



The Trigon development comes with a 163 million dollar price tag,  and as Trigon President and CEO Rob Booker notes, with the Federal contribution of today is a key part of the path forward for the project.

“With this federal support, we’ll be able to accelerate the construction of the second berth at our terminal – the $163-million B2BC or Berth 2 Beyond Carbon project.This project will make Trigon an even more valuable connection point between Western Canadian exporters and rapidly expanding Asia-Pacific green-energy market opportunities.”

The development of the second terminal is part of the company's plans to diversify and open up new markets for a range of resources to be shipped through the Prince Rupert gateway.

B2BC is a keystone of Trigon’s diversification strategy, and will help enable accelerated energy transformation in Canada and globally.  The second berth has been designed specifically to enable a shift over time towards handling green energy exports, such as hydrogen-based fuels.

We explored some of those diversification plans back in April when Trigon announced their new logo and focus on expanding on their core business elements.

The Trigon project makes for the second significant announcement related to Hydrogen shipments in the last few weeks.

Earlier this month the City of Prince Rupert announced its own plans to potentially use the Watson Island footprint for its own Hydrogen plans. That agreement with Pattern Energy also included Lax Kw'alaams and Metlaktala as part of the plans moving forward.

More background on how the Trigon project will evolve can be explored from their information release of today.

Further notes on Trigon's footprint on the North Coast can be explored through our archive page.

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