About The Project
The Woodfibre LNG Project
Woodfibre LNG Limited is proposing to build a modestly-sized liquefied natural gas (LNG) processing and export facility at the former Woodfibre pulp mill site, about seven kilometres southwest of Squamish, British Columbia, Canada. The Project capital costs are expected to be in the range of $1.4 to $1.8 billion (2014 CAD).
National Energy Board (NEB) Licence
Woodfibre LNG is licensed to export about 2.1 million tonnes of LNG per year for 40 years.
What is LNG?
Liquefied natural gas, or LNG, is natural gas in a liquid state. It is the same gas that is used in homes and businesses for cooking and heating. This gas becomes a liquid when it is cooled to -162ºC. This process, called liquefaction, shrinks the volume of the gas by 600 times, making it easier to store and transport to markets around the world.
When Woodfibre LNG Limited’s ownership was looking for the right location to build and operate a modestly-sized LNG processing and export terminal in British Columbia, the Woodfibre site on the shores of Howe Sound was by far the best fit. The brownfield site was home to pulp mill operations for 100 years, is zoned industrial, and has a deep water port on a waterway that for decades has been used for commercial shipping. The Woodfibre site also has access to electricity from BC Hydro and a FortisBC natural gas pipeline. To learn more about the FortisBC Eagle Mountain – Woodfibre Gas Pipeline Project, visit here.
Community & First Nations
By listening to the Community and local First Nations, and acting on their priorities we are building a better project. The Woodfibre LNG processing facility will be built on land, instead of a plant floating on water in response to community concerns of increased noise in the marine environment. The facility will be powered with electricity from BC Hydro instead of natural gas, which will reduce our greenhouse gas emissions by more than 80%, and make Woodfibre LNG one of the cleanest LNG facilities in the world. In addition, the Woodfibre LNG processing facility will be cooled by air instead of seawater, as a result of an environmental agreement with the Squamish Nation.
Woodfibre LNG Limited is very proud to have achieved three environmental approvals for the Woodfibre LNG Project. These approvals are from the federal and provincial governments as well as an environmental agreement with the Squamish Nation, which conducted an independent environmental assessment of the Project. All three approvals resulted in conditions that must be met throughout the life of the Woodfibre LNG Project.
Doing our part to help rehabilitate Howe Sound
Because of our purchase of the Woodfibre site in February 2015, the Woodfibre site has been cleaned-up to the industrial standards of today. Thousands of truckloads of contaminated sediment and woodchips have already been removed from the foreshore of the site. Historical pulp mill equipment has been demolished and removed from the site for recycling and safe disposal. Future plans include the removal of thousands of creosote coated piles, which can harm fish, from the foreshore of the site and the creation of a ‘green zone’ around Mill Creek, which runs through the middle of the project site. All of these measures will help rehabilitate Howe Sound.
Three to four times per month, an LNG carrier will travel through well-established shipping lanes to the Woodfibre LNG terminal. Each carrier will travel at 8 to 10 knots in Howe Sound, be accompanied by at least three tugboats, at least one of which will be tethered to the carrier, and have two BC Coast Pilots on board, who are experts on BC’s coast.
The Woodfibre LNG project will bring responsible economic growth to the nearby community of Squamish and the region. This includes about 100 full time jobs at the facility during operation, and about 650 jobs at the peak of construction. The project will also create an estimated $83.7 million (2014 CAD) in tax revenue for all three levels of government during the construction phase of the Project, and an estimated $86.5 million (2014 CAD) in tax revenue for all three levels of government per year of operation.