Macro and Vinci’s Spiecapag to build section of 670km Canadian gas pipeline in $677mn contract
A joint venture between Macro Enterprises and Spiecapag Canada, a subsidiary of Vinci, has been awarded a contract to build part of the 670km gas pipeline in the Canadian province of British Columbia.
Valued at $677mn, the Macro Spiecapag joint venture has been selected to construct approximately 166km of a 48-inch pipeline which will run from Dawson Creek in the north to processing facility in Kitmat ran by LNG Canada.
LNG Canada is an organisation comprised of five global energy companies – Shell, Petronas, PetroChina, KOGAS and Mitsubishi Corporation.
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Once processed, the gas will be shipped to Asian markets as the region seeks to reduce its dependency on coal.
Frank Miles, President and Chief Executive Officer of Macro, commented: “We are thrilled to be working with our joint venture partner, Spiecapag, on this very technically challenging pipeline project.
“The economic benefits of this project will serve to provide numerous subcontracting opportunities for local and indigenous businesses, direct employment for over 900 personnel, and growth to the economy with development of new markets for Canadian gas. As a British Columbian based company, we are proud to be part of this ambitious project.”
The Macro Spiecapag joint venture is split 40/60, with the latter assuming the larger share of the partnership.
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.