RE:RE:RE:RE:RE:RE:Ripet and Ferndale activity Thanks GunnerG.
So why is Constitution going to RIPET. IR says "volume optimization". Alright. Thats one way to describe it. Another way is : RIPET will be running out of storage before Gas Wisdom arrives, so RIPET needs to unload 12000 tonnes of propane (which is 125,000bbls or 2 days of plant throughput) so that railcars and plant employees are not idle.
GLTA
RFguy.
PS. Keep them doggies moving ... idle railcars don't transport much propane .
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 | GunnerG - (5/19/2021 12:31:03 PM)
RE:RE:RE:RE:RE:Ripet and Ferndale activity Nothing to do with prototype, development, proof of concept.
Investor relations reply to my question of why Constitution was going from Ferndale to RIPET.
Hello,
Thank you for your interest in AltaGas. That is an astute observation. Since taking ownership of Ferndale mid-December 2020, we engage in a general business practice of volume optimization. Ferndale differs from RIPET in that it has capacity to ship both butane and propane, whereas RIPET only ships propane. Depending on the current pricing and other market dynamics, we may elect to fill ships at Ferndale and then at RIPET, and vice versa, in order to maximize profits.
Hope that answers your question and please do not hesitate should you have any further questions.
Regards,
Investor Relations, AltaGas rfguysd wrote:GunnerG : Your point is noted.
I was thinking along the lines of prototype , development , proof of concept. An experiment to work out the bugs to prepare RIPET for butane handling and export . The license would not be a commercial 25 year but a short duration of 1 or 2 ship loads of 12,000 tonnes. Should be easy to get I would think (prototype /development license)
I do think Constitution going to RIPET is more than to pick up 12,000 tonnes of propane. There’s lots of propane in FERNDALE so there’s no need to go to RIPET.
Why go to RIPET?
GLTA
RFguy
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GunnerG - (5/18/2021 9:43:10 PM)
RE:RE:RE:Ripet and Ferndale activity I noticed the RTI site you use was a little late in reporting Constitution. No worries, glad I could point it out, coming from Ferndale that is.
Also, I believe you are incorrect supposition Constitution is going for Butane. Both Altaga liscences are for propane specifically, not Butane and Propane. rfguysd wrote:The RTI (Ridley Terminal( schedule has been updated to show VLGC constitution arriving on May20th. Expected loading is 12000 tonnes.
I suspect that Constitution is at Ridley to load product other than propane. The most likely product would be butane. Butane has a much higher spread than propane. We already know that Ferndale would export butane and perhaps a stopover at RIPET to "fill up the tank". VLGC vessel construction usually has 4 independant refrigerated tanks that can transport different products if needed.
https://www.rti.ca/traffic-schedule/
VLGC Gas Wisdom follows on May 29th.
GLTA
RFguy
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rfguysd - (5/17/2021 9:38:45 AM)
RE:Ripet and Ferndale activity GunnerG: I use this site: Ridley Terminals schedule.. It also has the train schedule onto the Island as well.
https://www.rti.ca/traffic-schedule/
Gas Wisdom is next on May 29th.
GLTA
RFguy
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GunnerG - (5/16/2021 9:03:13 PM)
Ripet and Ferndale activity Constitution at Ferndale
Crystal River at RIPET
Odd that Constitution is at Ferndale today and scheduled to be at Prince Rupert Port on the 20th according to Prince Rupert Port arrivals and |