By CKPG Today

Lheidli T’enneh Nation, McLeod Lake Indian Band and Formula Capital Corporation explore business partnership to construct a liquids recovery facility

Feb 22, 2021 | 8:08 AM

PRINCE GEORGE — Lehidli T’enneh Nation, McLeod Lake Indian Band and Formula Capital Corporation are exploring a partnership to develop facilities for the processing and upgrading of natural gas liquids. The NGL processing complex will be located within the proposed Shas Ti-Dlezeh Industrial Park located about 40 kilometres north of Prince George.

“Today’s announcement builds on the vision of our two Nations’ established partnership to develop the Shas Ti-Dlezeh Industrial Park in the North Fraser area,” says Dayi Clay Pountney of the Lheidli T’enneh Nation.

“We look forward to developing another successful business with local partners we know well and trust. The entire region will benefit from this project,” adds Chief Harley Chingee of the McLeod Lake Indian Band.

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Formula Capital CEO Paul Tiefensee said, “Formula Capital is extremely proud and looks forward to working in partnership with MLIB and LTN. Our senior management and ownership believe in developing genuine partnerships with Indigenous people to actively contribute to First Nations reconciliation. As a locally owned company and industry leader we understand the importance of having a major project such as this, located in the north.”