Greenergy and the Belledune Port Authority sign long-term lease agreement

Today, Greenergy and the Belledune Port Authority announce that they have entered into a long-term lease of a tank facility in the deep-water import terminal in northern New Brunswick, Canada. This marks 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.

Chief Terry Richardson of Pabineau First Nation stated

“we are excited about Greenergy entering the Port of Belledune. It brings jobs to the region and ensures the future of the port through in-out business. We’ve talked with Greenergy and First Nations and see opportunity for our communities through contracting and jobs. If we are to bring prosperity back to the region we must do it one project at a time.”

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.

Greenergy’s Managing Director – North America, Mike Healey, said:

“Our investment in Belledune strengthens our import capability and creates additional capacity where it is needed. We utilize our global supply chains to offer our customers reliable supply of traditional and renewable fuel solutions.”

Denis Caron, President and CEO of the Port added:

“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.”

“CN is proud to enable this new supply of energy to Canadian markets,” said Janet Drysdale, CN’s Interim Chief Commercial Officer. “Today’s announcement allows us to add service plans that unlock new competitive options for shippers and will ultimately help move more goods in and out of Atlantic Canada by rail."

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.

-ENDS-

About Greenergy 

Founded in the UK and in business for over 30 years, and part of Trafigura Group since August 2024, Greenergy is an established supplier and distributor of transportation fuels with a proven track record for reliable supply. Greenergy is also a leading European manufacturer of biodiesel from waste oils, operating waste-to-biodiesel plants in the UK and the Netherlands.

After entering the Canadian market in 2013, Greenergy has expanded its supply infrastructure, today operating six rail-to-road terminals in British Columbia and Ontario. Greenergy utilize their unique and innovative supply chain expertise and fuel distribution network to ensure a reliable supply of renewable and traditional fuel solutions for their customers across Canada. Products imported will include diesel, gasoline, ethanol, Hydrogenation Derived Renewable Diesel (HDRD) also known as renewable diesel or HVO, along with biodiesel to supply to the region with reliable fuel solutions.

About the Belledune Port Authority                                                                                                        

The Belledune Port Authority (BPA) is part of Canada’s Port Authority network. Tasked with managing the infrastructure and assets of the Port of Belledune in Northern New Brunswick (NB), the BPA’s objectives include not only advancing the growth and prosperity of the economy in both Canada and the province of NB, but also fulfilling public policy objectives. Situated on the Atlantic Ocean, the Port offers some of the shortest sea shipping routes to Europe. Equipped with four marine terminals, access from terminal to CN’s North American network, 1,600 acres of industrial-zoned land and world-class modern infrastructure, the Port specializes in the transportation of dry and liquid bulk, as well as break bulk or project cargo.

About CN

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.