CSV Midstream Solutions Corporation Announces Final Investment Decision for Albright Sour Gas Processing Plant, Canadian Business Journal

CALGARY, Alberta, Oct. 25, 2022 (GLOBE NEWSWIRE) — CSV Midstream Solutions Corp. (“CSV”) has made a final investment decision (“FID”) to proceed with the Albright Sour Gas Processing Facility (“Albright”) I am pleased to announce the ) will be built near Grand Prairie, Alberta.

Albright is located near Beaver Lodge and the communities of Wembley. This addresses the growing sour natural gas processing needs of multiple producers producing Montney and Charlie Lakes in the region, and the existing CSV of natural gas processing infrastructure at Alberta’s prolific Montney Play. It greatly enhances the platform. With 150 million cubic feet of natural gas processing capacity per day, Albright will capture and store up to 370 tons of sulfur per day, becoming the first greenfield gas plant built in Alberta in over 20 years . Completion is scheduled for late 2024.

CSV conducted extensive community engagement before proceeding with formal regulatory approval of Albright. With recent announcements, CSV is excited about Albright’s positive social impact on the region. Power plants provide opportunities for local residents and businesses during construction and subsequent operation, but the broader, long-term benefits to the local community are funded and developed by CSV, where members of the community It comes in the form of a leading non-profit organization. Local social initiatives will be the first focus of the non-profit organization. However, its ultimate mission will develop over time, with the strong influence of those most affected by Albright’s construction and operation.

CSV Chief Executive Officer Daniel Clarke and Vice President of Engineering and Operations Chris Gossen met with residents of Wembley and Beaver Lodge earlier this week to announce the FID.

Daniel Clark explains: For CSV, it means creating shared value by understanding society’s needs and doing our part to meet those needs with our resources, products and services. and I look forward to becoming a long-term active and supportive member of the Beaverlodge community. “

Chris Gossen adds: Our number one value is to deliver excellence as a standard. This is how we run and operate Albright. With this in mind, it is important to work with local producers, regulators and communities to make the project successful for all valuable stakeholders. “

CSV was advised by National Bank Financial Inc. and Bennett Jones LLP.

About CSV Midstream Solutions

CSV Midstream is a Calgary-based company that offers a full suite of services for a complete midstream solution. Delivering innovative and sustainable strategies in the engineering, design, construction, operations and management of natural gas and NGL assets with a vision to advance the midstream. This includes sweet and sour gas processing, liquid handling and fractionation, gas collection and transmission pipelines. The primary focus of CSV Midstream is the development of the natural gas energy industry in the Western Canadian Sedimentary Basin.

For more information on CSV Midstream, visit csvmidstream.com.

CSV midstream contact information

Daniel Clark
Chief executive officer
t: 587.316.6900
e: [email protected]

Don Lawson
CFO
t: 587.316.6900
e: [email protected]

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