A major energy investment in the Regional Municipality of Wood Buffalo is set to generate hundreds of jobs and boost the local economy.
Calgary Based Energy Company Wolf Midstream has announced plans to expand its operations in the region with the construction of a new natural gas facility and the expansion of pipeline infrastructure. The project is estimated to cost over half a billion dollars and create local jobs.
“This is exactly the kind of investment we envisioned when Council put the incentives program in place,” said Mayor Sandy Bowman. “We are open for business and are taking real steps to help drive local economic growth and job creation in a way that benefits residents, the Municipality and industry.”
Wolf Midstream plans to add to their existing infrastructure in the region with the construction and operation of a new facility, pipeline lateral and two pump stations to recover, transport and separate natural gas liquids. Construction of the expansion is expected to begin in 2025, with the company anticipating the creation of 275 jobs during peak construction. It is estimated that the project will result in over $500M of new investment into the region.
In addition to the economic benefits, Wolf Midstream is also committed to supporting the community. The company has sponsored the Local Hero Foundation, contributed to the Youth Room at the Conklin Multiplex, and invested over $80 million in local Indigenous-owned and associated procurement.
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