Woodfibre LNG
Woodfibre LNG is a privately held Canadian company that is constructing a liquefied natural gas export facility about 7 kilometres southwest of Squamish, British Columbia, Canada, held 70 per cent by Pacific Energy Canada and 30 per cent by Enbridge. In 2015, Woodfibre LNG took ownership of the industrially zoned pulp mill site and began planning for the 2.1 mtpa liquefied natural gas export facility. Access to existing hydroelectricity on-site will allow the Woodfibre LNG Project to reduce emissions by over 80 per cent and produce the lowest-emission LNG in the world. Powering the facility by renewable hydroelectricity from BC Hydro, will result in 14 times fewer stationary combustion emissions than liquefaction of a conventional LNG facility powered by natural gas. The Woodfibre LNG Project has regulatory approvals from the federal and provincial governments and is the first industrial project in Canada to recognize a non-Treaty Indigenous government, S?wx?w'7mesh 'xwumixw (Squamish Nation), as a full project regulator. The Project holds a 40-year export licence, and will source its natural gas from Pacific Canbriam Energy, a Canadian company with operations in Northeastern British Columbia. In March this year, Woodfibre LNG announced its Roadmap to Net Zero, making the export facility the first in the world to commit to achieving net zero emissions. The roadmap includes commitments to be net zero both through the construction stage of the Project and during operations. Site preparation activities are underway to prepare for the start of construction in September 2023 and operations will begin in 2027.