Articles tagged with "Industrial"

TransLink, the regional public transportation provider in Metro Vancouver, acquired a 5.06-acre industrial property for $63 million to expand its Vancouver Transit Centre. The transaction price per acre was significantly higher than the regional average, indicating a strong industrial real estate market despite rising vacancy rates. This acquisition continues TransLink's trend of expanding its real estate assets to support operations, following previous purchases and ongoing construction of new facilities. The broader Metro Vancouver industrial market is currently experiencing increased vacancies, although tenant demand is expected to recover as trade tensions ease.

The owners of LNG Canada's terminal, led by Shell, are considering expanding the facility after the first tanker departed its $5.8 billion site in Kitimat, B.C., for Asia. The potential expansion involves adding two more processing units. However, the decision will depend on the competitiveness, affordability, and new greenhouse gas emission limits set by federal and provincial authorities. Shell holds the largest stake at 40%, with other shareholders including Petronas, PetroChina, Mitsubishi, and Kogas.

Amazon has inaugurated its first storage and distribution fulfillment center in Pitt Meadows, British Columbia, with a facility named YXX1 spanning 825,000 square feet. This center aims to enhance Amazon's ability to deliver faster to local customers by supporting regional fulfillment activities. The project involved multiple local and national contractors, and Amazon is also contributing to local sustainability by funding bike-repair stations. The opening of YXX1 marks a significant milestone in bolstering Amazon’s operations and local economy contributions in the region.

A 30-year-old worker drowned in an industrial accident at a mill in British Columbia, Canada. The incident prompted a response from multiple first responders including police, fire, and ambulance services, with additional support from the Canadian Coast Guard divers to perform a rescue operation. Unfortunately, despite their efforts, the worker could not be saved. The tragedy highlights the potential dangers in industrial settings.

The Vancouver Fraser Port Authority has initiated preliminary efforts on a project to dredge Burrard Inlet. The goal is to accommodate the docking of fully loaded oil tankers. This step is crucial for enhancing the port's capacity. It marks the beginning of preparations aimed at improving shipping logistics in the region.

The article discusses how China has become the main customer for Canadian oil transported through the expanded Trans Mountain pipeline amidst trade tensions between Canada and the U.S. This shift is partly influenced by U.S. sanctions on oil from countries like Russia and Venezuela. The pipeline expansion has significantly increased its capacity, allowing Canada to pursue diversified exports outside the U.S. to Asian markets. There are also discussions around further pipeline expansions to increase capacity to meet Asian demand.

Svante has inaugurated the world's first carbon-capture filter manufacturing facility in Burnaby, B.C., named the Redwood facility. This gigafactory, spanning 140,000 square feet, will produce enough filter modules to capture up to 10 million tonnes of carbon-dioxide annually by 2030. Supported by significant investments from both the Canadian government and various private investors, the facility aims to cater to heavy-emission industries and increase carbon management capacity. The establishment of this facility marks a critical step in bolstering domestic carbon-management solutions as global demand rises.

Woodfibre LNG has announced plans to submit an application to regulators for permission to moor an additional vessel alongside its current floatel. This second floatel aims to provide accommodation for nearly 1,000 additional workers involved in the project. The location for this expansion is near Squamish, where work crews are needed for the development. This initiative is a response to workforce needs for the ongoing construction activities.