AltaGas (TSE:ALA) has released an update.
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AltaGas Ltd. and Royal Vopak have made a positive final investment decision on the Ridley Island Energy Export Facility in British Columbia, which will allow Canada to strengthen its position as a leading global energy exporter. The $1.35 billion project, which aims to be operational by the end of 2026, includes a large-scale LPG and bulk liquids terminal with advanced environmental measures. The facility is expected to provide significant economic benefits, including an annual EBITDA between $185 million and $215 million, and will offer a faster supply route to Northeast Asian markets.
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