On January 12, Keltic Petrochemicals filed its environmental approval application with the Nova Scotia government, enjoying the advantage of being the first company to get environmental approvals for a petrochem project. An agreement to build a multi-billion dollar petrochemical and LNG plant at Goldboro in Nova Scotia are very close to being signed.
The important aspect of securing a supply agreement is also being worked on simultaneously by the company. Keltic is confident of securing a supply partner in the near future for its integrated project. The project consists of a US$4.5 billion petrochemical plant with an LNG regasification receiving terminal and gas storage facility, demethanizing units, power and steam co-generation up to 200 MW, and related utility and offsite infrastructure and systems. The LNG facility will provide feedstock to the petrochemical plant and natural gas to the Maritimes and Northeast pipeline system. Completion will take about 3 years from the time the ground is broken. Front-end engineering and design and EPC services will be rendered by Keltic partner, Stone & Webster.