TransCanada and Brion will each own 50 per cent of the recently approved $3-billion pipeline project that includes both a crude oil and a diluent line to transport volumes approximately 460 kilometres (287 miles) between the emerging oil sands producing area northwest of Fort McMurray and the Edmonton/Heartland region.
The Grand Rapids Pipeline system is expected to be placed in service in stages, with initial crude oil service by mid-2016. The full system will have an ultimate capacity to move up to 900,000 barrels per day (bbl/d) of crude oil and 330,000 bbl/d of diluent. TransCanada will operate the system and Brion has entered into a long-term commitment to ship crude oil and diluent on it.
The Grand Rapids Pipeline routing and facility installation locations were developed with Aboriginal and other stakeholder input, as well as consideration for environmental, archaeological and cultural values, land use compatibility, safety, constructability and economics. Grand Rapids Pipeline GP received regulatory approval for the pipeline from the Alberta Energy Regulator in October 2014.
The project will be constructed, owned and operated by the Grand Rapids Pipeline Limited Partnership, which is jointly owned by Brion and a wholly-owned subsidiary of TransCanada Corporation.
TransCanada has entered into agreements with Brion Energy Corporation (Brion), formerly Phoenix Energy Holdings Limited, to develop the Grand Rapids Pipeline project in Northern Alberta.