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REEF Optimization 1 Project

Sector: Energy • Location: Prince Rupert, British Columbia, Canada

Source: Investing.com

Project
Awarded

REEF Optimization 1 (OPTI 1) is a growth project by AltaGas Ltd. to add up to 25,000 barrels per day of propane export capacity. The project has a total capital cost of $110 million, with $55 million net to AltaGas. It is expected to be in service in the second half of 2027 and is the first in a series of optimizations and expansions at REEF to unlock significant additional global market access fo

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The project “REEF Optimization 1 Project” is an infrastructure initiative in the Energy sector, located in Prince Rupert, British Columbia, Canada. Taiyo aggregates data on it from Investing.com.

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Description

Description

REEF Optimization 1 (OPTI 1) is a growth project by AltaGas Ltd. to add up to 25,000 barrels per day of propane export capacity. The project has a total capital cost of $110 million, with $55 million net to AltaGas. It is expected to be in service in the second half of 2027 and is the first in a series of optimizations and expansions at REEF to unlock significant additional global market access for Canadian LPGs.

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