Ferus to Expand B.C. Liquid Nitrogen Facility

Ferus announced that it is expanding the capacity of its liquid nitrogen facility in Dawson Creek, British Columbia to 400 tonnes per day.

The original facility, which is currently under construction and is expected to be in commercial operation this fall, is designed to produce 200 tonnes per day; however, with the increasing demand for products and services in B.C.'s rapidly expanding energy sector, Ferus recognized the need for expanding its supply of liquid nitrogen in the region. With an incremental capital investment in excess of $20 million, this second state-of-the-art facility demonstrates Ferus' commitment to being the predominant supplier of cryogenic products and services to the energy industry. Ferus' two facilities, with a combined capacity of 400 tonnes per day will produce liquid nitrogen from the air and deliver it to customers for the purpose of stimulating the production of clean-burning natural gas from wells located throughout the region.

"The expansion of our nitrogen production capacity in north-eastern B.C. demonstrates Ferus' ongoing commitment to the energy sector" said Dick Brown, President & CEO of Ferus. "This expansion supports our corporate philosophy of providing a quick response to the needs of our customers."

Construction has begun on the second liquid nitrogen facility and it is expected to be fully operational in early 2012.