CSV Midstream Options Corp. Receives all Regulatory Approvals for its Gold Creek Bitter Fuel Processing Plant

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CALGARY, Alberta, Aug. 20, 2024 (GLOBE NEWSWIRE) — CSV Midstream Options Corp. (“CSV” or the “Firm”), an unbiased midstream firm based mostly in Calgary, is happy to announce that it has acquired Environmental Safety and Enhancement Act (“EPEA”) and Directive 56 approval from the Alberta Power Regulator for its Gold Creek Bitter Fuel Processing Plant (“Gold Creek Facility”) positioned at 06-03-068-05 W6M. This marks a big milestone within the improvement of the Gold Creek Facility as we proceed in the direction of a Ultimate Funding Resolution (“FID”) of the undertaking which continues to be contingent upon binding agreements executed with our producer companions.

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The Gold Creek Facility emphasizes CSV’s Regional Shared Worth initiative supporting our give attention to the Grande Prairie and Peace River area. The ability has been strategically positioned adjoining to the Greenview Industrial Gateway and the Facet Group Rail’s Gold Creek rail facility. This location offers flexibility and extra alternatives to develop long run native merchandise, providers and financial benefits for the larger Grande Prairie area and the indigenous communities of the world.

The Gold Creek Facility is licensed as a 150 MMcf/d bitter gasoline plant that may get better as much as 370 tonnes per day of sulphur and eradicate the necessity, dangers and considerations round acid gasoline disposal within the space, whereas additionally offering producers with market entry and choices for the sulphur commodity. The ability shall be a sister plant (comparable in dimension, design and operations) to CSV’s Albright Fuel Plant, which is at the moment beneath development west of Grande Prairie and anticipated to be onstream in This autumn of this yr.

The plant will course of excessive H2S content material bitter pure gasoline from the Alberta Montney formation. The produced sulphur has quite a few end-uses, together with fertilizer for agricultural assist, acid manufacturing for lithium extraction, and inputs in mining and industrial providers. The ability would be the solely bitter gasoline plant with sulphur restoration within the Gold Creek space offering producers with a a lot wanted bitter gasoline processing answer south of the Wapiti River.

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CSV can also be evaluating bitter water sweetening alternatives which will improve the service choices within the space. CSV’s confirmed proprietary water sweetening course of permits for produced bitter water to be sweetened, recycled and returned to producers to be used in such operations as hydraulic fracturing. This sweetened water might scale back business necessities for contemporary water, thereby lowering pressure on rivers, lakes and aquifers within the space as we work to mitigate drought circumstances that the world is experiencing.

CSV’s Vice President, Enterprise and Company Growth, Christopher Dutcher commented, “Immediately’s announcement highlights CSV’s rising footprint as we proceed to develop distinctive options that profit our business and neighborhood companions. Our give attention to the Grande Prairie area and the Greenview Industrial Gateway highlights our dedication to supporting and increasing product utilization within the Grande Prairie space with companies and companions and helps the financial advantages keep within the area. We count on extra alternatives to be developed as extra corporations select to find and develop companies within the Greenview Industrial Gateway.” The Gold Creek Facility is predicted to be onstream in 2027.

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About CSV Midstream Options Corp.

CSV Midstream is a Calgary-based firm providing a full suite of providers for full midstream options. With a imaginative and prescient to advance midstream, the corporate offers revolutionary, sustainable methods within the engineering, design, development, operation and administration of pure gasoline and NGL property, together with candy and bitter gasoline processing, liquids dealing with, gasoline gathering and transmission pipelines, and proprietary water providers. CSV Midstream’s major focus is the pure gasoline vitality business within the Grande Prairie and Peace River area of Alberta.

For extra details about CSV Midstream, please go to www.csvmidstream.com.

Contact Data for CSV Midstream

Daniel Clarke
Chief Govt Officer
t: 587.316.6900
e: daniel.clarke@csvmidstream.com

Rick Staples
President
t: 587.316.6900
e: rick.staples@csvmidstream.com

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