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cryopeak-and-ferus-merge-to-form-canadian-lng-business
cryopeak-and-ferus-merge-to-form-canadian-lng-business

Cryopeak and Ferus merge to form Canadian LNG business

Cryopeak LNG Solutions has combined with Ferus Natural Gas Fuels to form a new LNG production and distribution company, believed to be the largest of its kind in Canada.

Dubbed Cryopeak Energy Solutions, the newly formed business will manage three LNG production facilities in Western Canada and operate the largest fleet of LNG transportation, mobile storage, and regasification equipment.

Calum McClure, CEO of Cryopeak Energy Solutions, believes the company is uniquely positioned to support its customers in integrating LNG safely and efficiently into their operations.

Hitting the ground running, Cryopeak has already announced the acquisition of all LNG assets from Campus Energy Partners Infrastructure LP, including the regional LNG production facility located in Dawson Creek, British Columbia.

In 2021, Cryopeak brought its LNG production facility in Fort Nelson, British Columbia, onstream. The capacity for phase one of the project is 27,000 gallons of LNG per day, and the plant is scalable to approximately 100,00 gallons per day under its permit.

To minimise its environmental footprint, Cryopeak is utilising its pioneering B-train transport trailers, capable of hauling 20,000 gallons of LNG and allowing for fewer haulage trips.

Read more: Cryopeak announce new LNG production facility in BC, Canada

The merger and acquisition further support Cryopeak’s strategy of being a leading company specialising in LNG production, distribution, and technology solutions in Canada.

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