UK-based Greenergy and the Belledune Port Authority announced they have entered into a long-term lease of a tank facility in the deep-water import terminal in northern New Brunswick. It marked a strategic investment in the port and a new addition to Greenergy’s existing fuel terminal network.
As the Belledune Port Authority, in partnership with the Indigenous communities of Pabineau and Eel River Bar, embarks on green development initiatives, the addition of a new liquid bulk tenant committed to support regional growth and expanding the port’s offerings provides an important boost to the port’s Green Energy Hub.
The tank storage facility strengthens Greenergy’s supply capability, allowing it to leverage its global supply chains to ensure fuel security for the region. Imported products will be available at the port terminal or transported via rail to Greenergy’s other fuel terminals. A key partner in this operation is CN, which will safely move Greenergy’s product by rail from northern New Brunswick to customers along CN’s network.
The agreement between the Belledune Port Authority and Greenergy will support the development of the port as a key import hub, creating new supply chains that will ensure optionality to a historically underserved region.
Denis Caron, President and CEO of the Port, stated: “We welcome Greenergy to the Port of Belledune. Their investment supports our ambitions for growth of our core operations with a view to green and clean development. Their expertise in ensuring reliable fuel supply, coupled with their desire to be community minded aligns perfectly with the Port’s core values.”
Greenergy is preparing for the next stage of development and has begun engagement with the municipality, local residents, and First Nations communities. As Port operations expand, Greenergy remains committed to building strong partnerships with First Nations and creating new opportunities for employment and shared growth.
