Cryopeak to supply Canada’s McIlvenna Bay project with LNG

Cryopeak Energy Solutions will supply McIlvenna Bay Operating with liquefied natural gas (LNG) as a low-carbon fuel for its multi-megawatt power generation plant in Saskatchewan, Canada.

Unveiled today (22nd March), the long-term agreement will support the initial project phase and mine air ventilation for the McIlvenna Bay project, a carbon neutral copper development effort.

McIlvenna Bay Operating is a wholly owned subsidiary of Foran Mining Corporation.

Gilbert Lamarche, Chief Operating Officer of For a Mining Corporation, said he is pleased to collaborate with Cryopeak to provide a low-emission alternative power supply during the initial phase and pre-development of its mining and miling operations.

He continued, “This solution aligns seamlessly with our company objectives towards decarbonisation and to minimise adverse environmental impacts in every aspect of our activities.”

The agreement also marks an additional milestone for Cryopeak to deliver low-cost and low-carbon-intensity energy alternatives to its customers throughout Canada and Alaska.

Shane Blackford, Vice-President of Business Development of Cryopeak, added, “We are very excited to partner with Foran Mining Corporation to help them meet their sustainability goals and support their decarbonisation efforts by using low-carbon energy fuels.”

Under the agreement, Cryopeak will provide all LNG supply over the term of the agreement. Cryopeak commenced LNG supply to the McIlvenna Bay project in Q1 2024.

Earlier this year, it was announced that Cryopeak LNG Solutions had combined with Ferus Natural Gas Fuels to form a new LNG production and distribution company, believed to be the largest of its kind in Canada.

Dubbed Cryopeak Energy Solutions, the newly formed business will manage three LNG production facilities in Western Canada and operate the largest fleet of LNG transportation, mobile storage, and regasification equipment.

Hitting the ground running, Cryopeak has already announced the acquisition of all LNG assets from Campus Energy Partners Infrastructure LP, including the regional LNG production facility located in Dawson Creek, British Columbia.