By the OGJ Online Staff
HOUSTON, Dec. 26 -- AltaGas Services Inc. joined with Taylor NGL LP to develop Taylor's proposed $45 million (Can.) ethane extraction plant at Joffre, Alta.
The federal and provincial governments approved Taylor's application in September (OGJ Online, Sept. 6, 2001). The plant, near NOVA Chemicals Ltd.'s Joffre petrochemical complex, will be rated at 250 MMcfd and will have initial production of 10,400 b/d of gas liquids.
Ethane will be sold to NOVA Chemicals and the other liquids will be marketed through a partner.
Under the joint venture, AltaGas and Taylor will each own 50% of the plant and will jointly develop projects that will enhance the value of the facility.
Taylor expects the project to be operational by the 1st quarter of 2003.
Bob Pritchard, CEO of Taylor, said, "AltaGas has a significant presence in the Joffre area and offers Taylor immediate access to key components of the natural gas value chain."
Taylor owns and operates the Younger NGL extraction plant, the only straddle plant in British Columbia.