New LNG production facility now in operation

Cryopeak LNG Solutions Corporation ("Cryopeak"), a Richmond, BC based company, has announced the commencement of operations at its new LNG production facility in Fort Nelson, BC. Phase 1 production capacity is 27,000 LNG gallons per day and the plant is scalable to approximately 100,000 gallons per day under its current permit.

The location and efficiency of new facility when paired with Cryopeak's pioneering B-train transport trailers, capable of hauling 20,000 gallons of LNG, results in a lowest available cost of supply for off grid communities and industrial customers. Combining these two optimized platforms also minimizes Cryopeak's environmental footprint.

"We are thrilled to now have an LNG production facility available to us in the far north of the Province," says Rick Loughery, Purchasing Logistics Manager for Coeur Silvertip Holdings Ltd., the owner of the Silvertip Mine. "Cryopeak has been a reliable supplier of LNG to the Silvertip Mine for several years now, and this new facility will allow it to deliver LNG from a location that is much closer to our site, which will result in considerable savings in transportation costs, even greater certainty of supply and reduced GHG emissions from trucking."

"We are excited to open this new production facility in Fort Nelson. We appreciate the support in realizing this project from the Fort Nelson First Nations and the community of Fort Nelson. We look forward to delivering natural gas to our remote customers lowering energy costs and reducing carbon emissions," states Calum McClure, CEO of Cryopeak.

This project solidifies Cryopeak's strategy of being a vertically integrated and full-service provider of LNG to Northern Canada and Alaska and providing customers a lower cost, more environmentally sustainable fuel source.