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Municipal District of Greenview signs MoU with Interprovincial Fuel Solutions Ltd

Published by , Editorial Assistant
Hydrocarbon Engineering,

The Municipal District of Greenview (MD) (Canada) has approved a Memorandum of Understanding (MoU) with Interprovincial Fuel Solutions Ltd (IFS) to purchase approximately 200 acres (81 hectares) in the Greenview Industrial Gateway (GIG) at the 23 January 2024, Regular Council meeting. IFS intends to develop and construct a $600 million dollar petrochemical facility on the site to manufacture synthetic low-carbon gasoline from natural gas, water and oxygen (Synthetic Gasoline Facility) and subsequently dispose of excess effluent carbon dioxide (CO2) from GIG lands via permanent carbon capture and sequestration (CSS).

IFS’s Synthetic Gasoline Facility has the capability to produce 5600 bpd of drop-in low-carbon ultra-clean synthetic gasoline that is in line with the current and 2030 fuel regulations required in Canada. The Synthetic Gasoline Facility will also produce 250 000 tpy of pure pre-combustion of CO2, which will be permanently sequestered, and clean hydrogen, which will be used as a fuel for clean and no emissions combustion. IFS will utilise commercially proven technology for its facility to produce high-octane synthetic motor-grade gasoline for consumption by the transportation industry, which requires no new distribution infrastructure, thus fuelling the transition to a low-carbon economy. IFS anticipates the development of its facility to commence in 2025, with construction to commence in 2026.

The planned facility in the GIG will generate approximately 600 regional construction positions with an estimated 50 - 70 full-time positions once construction is complete. IFS company executives anticipate that this project will proceed quickly once the Final Investment Decision (FID) has been reached and a land purchase agreement has been signed with the MD of Greenview.

IFS is the third major investor in the GIG, spearheading GIG to be on track to become one of Canada’s leading net-zero, eco-industrial developments in Alberta for natural gas processing and manufacturing with low-carbon emissions.

In 1Q22, the MD of Greenview signed an MoU with Cerilon GTL Inc. to construct a $2.8 billion dollar ultra-low sulfur diesel and jet fuel facility. In late 2021, Greenview signed an agreement with Northern Petro Chemical Corporation to construct a $2.5 billion blue methanol and blue ammonia production facility.

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