Blue Fuel Energy signs tax sharing agreement with Chetwynd and Dawson Creek

Credit: The Chetwynd Echo

CHETWYND – The District of Chetwynd and City of Dawson Creek have partnered to reach an agreement to support the proposed $2.5 billion Blue Fuel Energy low-carbon refinery. The project, which when complete would generate up to 150 full-time jobs, could provide a potential new source of revenue to benefit residents in both communities.

The District of Chetwynd is asking the proponents of Blue Fuel Energy Corp. to support a boundary expansion that would see the project included in Chetwynd municipal boundaries. Taxation revenue would be shared with the City of Dawson Creek in the same formula and tax-sharing arrangement as currently exists with the adjacent Chetwynd Mechanical Pulp project.

The project would be located on a 1,055-acre site within Chetwynd’s proposed extended municipal boundaries, and would use natural gas, wind and hydroelectric power to produce reduced carbon gasoline. The project proponent, Sidney, BC-based Blue Fuel Energy Corp., hopes to progress the permitting and other aspects of the project to be able to make a final investment decision before the end of the year.

“Blue Fuel Energy will be an excellent corporate citizen and this project will be a huge asset to Chetwynd and Dawson Creek. We welcome the opportunity to work together to facilitate sustainable development,” Mayor Merlin Nichols, District of Chetwynd said in a press release Friday. Nichols was unable to be reached for formal comment regarding how or when the new boundary expansion is to occur.

—Naomi Larsen, Chetwynd Echo Staff