Belledune is ideally situated for Maritime Iron’s Pig Iron project, and we believe that it is North America’s premier heavy industrial site.
1. Available Land
There is a significant amount of land available nearby the Port of Belledune. The project will be sited adjacent to the Belledune Power Generating Station. This site is less than a kilometer from tidewater, simplifying the raw material and finished product logistics chain.
2. Electricity Generation
Maritime Iron intends to integrate with the NB Power’s Belledune Generating Station. Integration allows for the recycling of the process gases produced by the project, eliminating the need to build a competing or redundant power plant. The environmental advantages of this arrangement are as follows:
- Combusting the process gas is expected to displace the coal consumption of the Generating Station by approximately 60%, significantly reducing GHG emissions compared to what would have been generated from the power plant and from Maritime Iron’s facility operating independently;
- Using the existing power station maximizes sharing of utilities and services: raw material handling and storage, fresh/cooling/demineralized water supply, storm water treatment etc. These deep operational synergies lead to a novel public-private partnership and enhanced productivity for both NB Power and Maritime Iron;
- A third and important benefit is that this integration will allow the Belledune Generating Station to operate beyond 2030, maintaining the existing jobs at the plant.
3. Port of Belledune
The Port of Belledune is an exceptional, underutilized asset. It is located less than a one-day sail from Canada’s primary iron ore export terminals in Quebec and provides access to customers all along the eastern seaboard of North America, the Great Lakes, and Europe.
The Port has the necessary available capacity to handle a project of this scope – Maritime Iron will add approximately four to five million metric tonnes per year to the port’s shipping volume. Its terminals can handle 90,000 dwt shipping carriers and operates year-round.
All of the necessary infrastructure for the project is in already in place – with over $1.0 billion already invested to date.