Nauticol’s planned $2.4-2.6 billion US world-class methanol facility will be one of the largest in the world and the largest in Canada. The facility will convert approximately 300 million cubic feet per day of natural gas into approximately 3 million tonnes of methanol per year.
Our facility is being developed in an environmentally safe and responsible way that provides value to the community, our shareholders and our employees. The project will create approximately 5,000 Alberta jobs and 200 high-skilled permanent jobs in the Grande Prairie area and in Calgary. It will promote economic development in Alberta, furthering the growth of a more robust value-added chain for Alberta’s abundant natural gas resources.
Nauticol’s Grande Prairie location provides a competitive edge:
ACCESS TO A BURGEONING SUPPLY OF LOW-COST NATURAL GAS
The abundance of low-cost natural gas in North America, and its environmental advantage over coal as a feedstock, make natural gas the preferred choice in producing methanol. The largest market for methanol is in China, where methanol is used as feedstock for its petrochemical industry. Methanol from Alberta’s natural gas will displace methanol produced from coal in China. This may result in significant global greenhouse gas, particulate and effluent reductions.
Nauticol’s Grande Prairie facility is situated in a prime location, in the heart of the prolific natural gas and liquid hydrocarbon formation called the Montney. This world-class resource covers around 130,000 square kilometers and spans about 700 kilometers from northeastern British Columbia to northwestern Alberta. By 2040, the Montney is projected to produce over half of Canada’s natural gas.
*Source: CME, EMC, ICE, Dufour Energy. March 2018 US$/MMBTU
The Grande Prairie area offers one of the most vibrant, entrepreneurial and business-friendly economic climates in North America. Nauticol is developing our operations in close consultation with local communities. We have also been significantly engaged with local Indigenous communities. In our Grande Prairie operations, Western Cree Tribal Council (WCTC) members play an active role in our project’s development.
The region is growing at a rate faster than both the provincial and national rates. Its young demographics, combined with the availability of post-secondary trades, college and university education, support the future development of an educated workforce.
Nauticol deliberately selected an existing brownfield (industrial) site in the County of Grande Prairie as the location of our highly modularized methanol facility. This location is adjacent to an industrial neighbour, allowing us to optimize services and infrastructure. The combination of smart design, strategic site location, and industrial synergies reduces our project’s ecological footprint, compared to a traditional methanol facility of its scale.
By 2040, the Montney is projected to produce over half of Canada’s natural gas.
Utilizing existing, high capacity infrastructure and the latest in advanced tanker safety technology,
Nauticol will safely and efficiently transport methanol produced by the Grande Prairie Facility to the Port
of Prince Rupert, BC. To minimize disturbances for nearby communities, trains will both enter and exit
the Facility from the south and will not travel through the City of Grande Prairie.