Synfuel Technologies, the company that wants to build a 1,120-megawatt power plant in Thunder Bay, has purchased land on the city’s waterfront. It has acquired the Valley Camp terminal property for an undisclosed amount.
The company’s planned $1.9-billion petroleum coke power plant is part of a $9-billion power project by the Northwest Energy Association.
Synfuel will retain Valley Camp’s existing staff and add more as business picks up, the company says in a news release. The terminal on the Mission River serves as a transfer point between ship and rail.
Fertilizer, road salt, chemical grade salt and pig iron are handled at the terminal.
Synfuel has not announced the location for its power plant. The Valley Camp property adjoins Fort William First Nation land, where Synfuel is expected to locate the proposed power plant.