Wolf Midstream has made a optimistic last funding resolution to proceed with its NGL North Part Two undertaking, which can considerably enhance the pure gasoline liquids (NGL) manufacturing capability of Wolf’s present NGL North System in Western Canada.
NGL North is a Wolf proprietary NGL restoration, transportation, and separation system able to producing roughly 70,000 barrels per day (bpd) of NGL together with ethane, propane, butane and condensate. The undertaking was efficiently commissioned in 2023.
As soon as accomplished, the expanded system may have the flexibility to get well NGL from roughly 1.5 billion cubic toes per day (Bcfpd) of pure gasoline and produce over 90,000 bpd of NGL, together with over 60,000 bpd of ethane, Wolf stated in a information launch. The NGL North Part Two growth is predicted to be operational in 2027.
The vast majority of the manufacturing is dedicated underneath long-term agreements with Alberta’s rising petrochemical trade, the corporate famous. NGL North Part Two is an incremental funding in Alberta of roughly $0.73 billion (CAD 1 billion), supported by Wolf’s shareholder, Canada Pension Plan Funding Board (CPP Investments).
“NGL North Part Two contains Wolf Restoration Facility 2 which can get well increased carbon pure gasoline liquids previous to combustion at downstream oil sands manufacturing amenities,” Wolf NGL President Kevin Jagger stated. “Moreover, the undertaking features a 125-kilometer pipeline lateral, a cloth growth of the Wolf Feedstock Separation facility in Sturgeon County, a brand new unit prepare rail terminal and large-scale salt cavern storage”.
“This can be a very thrilling alternative,” Wolf President and CEO Bob Lock stated. “Together with pre-investment for future phases, this growth continues to construct out NGL North’s final potential of processing practically 3 Bcf/d and recovering 170,000 bpd of NGL, making a vital supply of incremental, dependable feedstock provide for a brand new wave of downstream market improvement in Western Canada”.
“Since our preliminary funding in 2016, Wolf has made super progress on its progress technique in Alberta, delivering long-term worth to the CPP Fund,” Invoice Rogers, Managing Director and International Head of Sustainable Energies for CPP Investments, stated. “The Part Two growth of the NGL North System additional exemplifies administration’s compelling imaginative and prescient for the corporate in addition to the built-in worth proposition Wolf provides to downstream clients”.
In September 2023, Wolf reached a last funding resolution to increase its present Alberta Carbon Trunk Line (ACTL) system by the core of the Alberta Industrial Heartland and into the Edmonton area to assist present and new industrial amenities in lowering their greenhouse gasoline emissions.
Wolf acquired approval from the Alberta Vitality Regulator and different governing businesses for the extension, known as the ACTL Edmonton Connector, the corporate stated in an earlier information launch. The ACTL Edmonton Connector will gather carbon dioxide from native industrial amenities for transport by ACTL and supply to everlasting underground storage. At full capability, the ACTL Edmonton Connector shall be able to transporting roughly seven million metric tons of carbon dioxide yearly.
Alberta-based Wolf is a non-public firm backed by CPP Investments. Wolf was fashioned in 2016 to deal with the acquisition and improvement of modern midstream power infrastructure options in Western Canada.
To contact the writer, e-mail rocky.teodoro@rigzone.com
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