Pacific Future Energy, SNC-Lavalin and A-in-Chut Business Group announce partnership

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Pacific Future Energy, SNC-Lavalin and A-in-Chut Business Group announce partnership

by ahnationtalk on August 4, 2015717 Views

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July 31, 2015

Pacific Future Energy, SNC-Lavalin and A-in-Chut Business Group announce partnership

Pacific Future Energy Corporation (PFEC), SNC-Lavalin (TSX: SNC) and A-in-Chut Business Group (ABG) are pleased to announce a partnership based on SNC-Lavalin’s investment in a First Nations joint special purpose vehicle, controlled by ABG, to assist in pre-engineering work, building and supporting First Nations partnerships, and to support the permitting process to build the world’s greenest refinery on Canada’s west coast.

“PFEC’s goal is to provide access to the Asian market for bitumen, while protecting British Columbia’s Pacific coast, by building the world’s greenest refinery, in full partnership with First Nations,” said Robert Delamar, Chief Executive Officer. “We also believe that community support must be earned before – not after – finalizing our plans. For one of Canada’s oldest engineering firms to agree with this approach and work with A-in-Chut Business Group to invest in this development process is a strong vote of confidence.”

“SNC-Lavalin is very pleased to be a part of a project that will contribute to the important imperative of bringing Canadian resources to markets and produce one of the most energy efficient refineries ever built,” said Robert G. Card, President and Chief Executive Officer, SNC-Lavalin. “We are proud to be associated with PFEC and together with our First Nations partners, advance the project. This project will help open up Asian markets for Canada’s energy sector, while building key infrastructure on Canada’s west coast.”

PFEC’s refinery will be a “near zero net carbon emissions” (NZNC) export refinery, processing bitumen to fully refined products, such as diesel, gasoline and jet fuel, destined for Asian markets.

“This refinery will be transformative and innovative in both the approach and the technology. First and foremost, we recognize and respect the role of First Nations and their rights and title in resource development. We will work in full partnership with our First Nations partners, as Nations, to build a responsible, sustainable project that includes our collective values and our interests,” said Mike Bonshor, President of A-in-Chut Business Group.

PFEC has committed from the beginning, and every step of the way, to build full partnerships with First Nations to ensure that we all benefit from traditional and ecological knowledge, while respecting their rights to full consultation and accommodation—all with the goal of shared prosperity and health for future generations.

About Pacific Future Energy

Vancouver-based Pacific Future Energy is a company that has been developed to finance, design and construct the world’s greenest oil refinery in British Columbia, Canada. The management team consists of leaders from the venture capital, corporate and government sectors, who share the belief that while it’s in Canada’s national strategic interest to diversify its markets for oil, it should be done in a socially and environmentally responsible manner while ensuring the protection of Canada’s west coast.

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin’s employees are proud to build what matters. Our teams provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions.

About A-in-Chut Business Group

A-in-Chut Business Group is a First Nation business and investment group focused on supporting and empowering First Nations to create and build sustainable economic development based on rights and title. Through partnerships with First Nations, Industry, and the investment community as well as focusing on systems innovation, ABG is supporting and developing the emergence of Indigenous-driven and designed business and economic opportunities within Canada and globally.

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