Credit: Dawson Creek
Chetwynd, February 19, 2015 — 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,” said Mayor Merlin Nichols, District of Chetwynd.
“Working with the District of Chetwynd and Blue Fuel Energy to create a fair property tax structure is another example of how well area municipalities work together, and demonstrates our shared desire to promote economic growth in the area,” said Mayor Dale Bumstead, City of Dawson Creek.
- The Blue Fuel Energy project represents a potential $2.5 billion capital investment
- The project would generate between 1,000 and 1,500 jobs during construction and up to
- 150 permanent jobs once operational
- Blue Fuel Energy will use renewable energy and natural gas to manufacture methanol and reduced-carbon gasoline, helping to diversify the regional economy toward
- sustainable value-added products
- The Peace region is uniquely positioned to capitalize on this opportunity due to its extraordinary wealth of wind, hydroelectric and natural gas energy sources
- Blue Fuel Energy is working proactively with the District of Chetwynd and City of
- Dawson Creek to develop a project that will benefit both communities for the long-term
- Blue Fuel Energy has signed a Memorandum of Understanding with West Moberly First
- Nations regarding commercial benefits arising from the project
District of Chetwynd
City of Dawson Creek