OCHAPOWACE FIRST NATION, TREATY 4 TERRITORY,
SK, May
13, 2024 /CNW/ - Ochapowace
First Nation's economic development group, Atoskewin
Business Development Corporation has signed an MOU and is now
proudly moving forward in a Limited Partnership with Eaglesledge
Energy Ltd, in a unique energy project that will bring long-term
prosperity to the future generations of Ochapowace members.
Upon the formation of this new Limited Partnership, Ochapowace
Nation, through Atoskewin, will acquire thirty-five percent (35%)
of the Belle Plaine Project; a Clean Fuels Refinery and Solar
Energy Facility.
"This partnership enhances our relationship with Eaglesledge for
future development and ensures that Ochapowace continues to be
watchful stewards of our traditional lands and at the forefront of
green energy projects in our traditional territory" says
Okimaw/Chief Shelley Bear. "Our
future generations depend upon us to protect these lands and
waters, and we are doing that through clean energy projects such as
this one."
"Our strategy is to help advance Saskatchewan's oil and gas sector while
working with Ochapowace to generate long-term sustainable economic
benefits and reduce the environmental footprint" says Eaglesledge
CEO Boris Weiss. "This project will
create an industry-leading Clean Fuels Refinery that generates high
quality products, minimizes carbon emissions, and services local
and regional needs. Using the latest state-of-the-art technology
and refining process, the plant will significantly reduce the
impact on our environment. Through integrated carbon recapture, our
goal is to recapture upwards of 90% of carbon production."
Located on the edge of the Bakken Oil Formation in Belle Plaine, Saskatchewan, the planned CFR
will produce predominantly ultra-low sulfur diesel, gasoline, and
jet fuel. The CFR will produce 30,000 barrels per stream day
(bpsd), with the potential expansion up to 85,000 bpsd.
Ochapowace and Eaglesledge are dedicated to embracing solar
power as a key component of their commitment to a sustainable and
clean energy future. The project will include a 125MW solar
facility which will utilize and harness the sun's abundant,
renewable energy. A portion will be utilized by refinery
operations, with the bulk supporting the power grid and regional
industry demand. This project's aim is to revolutionize the energy
landscape and redefine what it means to be a responsible energy
provider in the 21st century.
SOURCE Eaglesledge Energy Ltd