All Natural Resource Megaprojects Under Construction in Canada in 2023
There are 470 major projects under construction or planned over the next ten years in Canada, with a combined potential capital value of $520B. Let's get to it.
Most Notable:
1. Grassy Point LNG in NL ($7.2B)
2. Meaford Storage Project in ON ($4.3B)
3. Northern Ammonia and Methanol Facility in AB ($2.5B)
Largest Uptick in Potential Investment:
1. Transmountain Pipeline Expansion (from $12.6B to $21.4B)
2. Peace River Site C Hydro Project (from $10.7B to $16B)
3. Bay du Nord Offshore Project (from $6.8B to $12B)
Largest Mining Projects:
1. Jansen Potash project in SK ($7.5B)
2. Kerr-Sulphurets-Mitchell “KSM” project in BC ($7.2B)
Largest Clean Energy Projects:
1. Peace River Site C Hydro project in BC ($16B)
2. Two nuclear refurbishment projects in ON ($25.8B)
3. Dow Net-Zero Polyethylene Derivatives Facility in AB ($10B)
4. Keeyask Hydro Project in MB ($8.7B)
Largest Natural Resource Megaprojects by Province
NL:
1. Bay du Nord Offshore Project ($12B)
2. Grassy Point LNG ($7.2B)
3. Kamistiatusset Mine ($1.3B)
There is one clean technology project included in the NL inventory valued at $19.7M. This is a new advanced pellet plant announced by Active Energy Group.
Location of offshore gas fields and proposed 600 km pipeline connecting to Grassy Point, Placentia Bay, NL:
NB:
1. Mactaquac Dam upgrades ($3.3B)
2. Sisson Project ($0.6B)
3. Smart Grids Investments Phase Project ($0.2B)
NS:
1. Goldboro Gold Mine ($0.3B)
2. Pirate Harbour Wind Farm ($0.2B)
3. Cochrane Hill Mine ($0.1B)
PEI:
1. Summerside Solar Farm ($69M)
2. PEI Energy Corporation Wind Farm #5 ($60M)
3. Western PEI Transmission Upgrade ($44M)
4. Borden Battery Park ($35M)
5. Slemon Park Micro-Grid Project ($25M)
Wild Energy Developments in PEI:
NU:
1. Mary River Iron Ore Project ($1.3B)
2. Back River Gold Project ($0.6B)
3. Hope Bay Gold Project ($0.7B)
YT:
1. Casino Mine ($3.3B)
2. Kudz Ze Kayah Mine ($0.5B)
3. Coffee Gold Mine ($0.3B)
There are two clean technology projects included in the YT inventory valued at $55M. This includes a Grid-Scale Battery Storage Project ($35M) and the Haeckel Hill Wind Farm ($20M).
NT:
1. Taltson Hydroelectric Expansion Project ($1.2B)
2. NICO Cobalt-Gold-Bismuth Mine ($0.6B)
3. Pine Point Mine ($0.6B)
There are three clean technology projects included in the NT inventory valued at $1.2B. This includes the aforementioned Taltson Project, the Inuvik Wind Generation Project ($40M), and the AWP Industrial Park ($20M).
BC:
1. LNG Canada Phase 1 ($36B)
2. Kitimat Clean Oil Refinery ($22B)
3. ESE Synthetic Crude Pipeline ($18B)
4. Peace River Site C Project ($16B)
Site C Highway 29:
AB:
1. Athabasca Oil Sands Project at Jackpine ($12B)
2. Dow Net-Zero Polyethylene Facility ($10B)
3. SAGD May River Project ($10B)
SK:
1. Jansen Potash Project ($7.5B)
2. Esterhazy K3 Project ($1.7B)
3. Star-Orion Diamond Project ($1.4B)
Star-Orion Rough Diamonds:
MB:
1. Keeyask Hydro Project ($8.7B)
2. Lynn Lake Mine ($0.4B)
3. Portage Area Capacity Enhancements ($0.2B)
ON:
1. Bruce Nuclear Refurbishment ($13B)
2. Darlington Nuclear Refurbishment ($12.8B)
3. Meaford Pumped Storage Project ($4.3B)
QC:
1. Romaine Hydroelectric Complex ($6.5B)
2. Champlain Hudson Power Express Transmission Line ($2.2B)
3. Strange Lake Mine ($1.6B)
Torngat is planning to use hybrid airships for transport to its proposed Strange Lake rare earth mine in Quebec:
Information current as of date of publication.