Cryopeak and Ferus Jointly-announce a Strategic Merger

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(Cryopeak LNG Solutions Corporation, 5.Feb.2024) — Cryopeak LNG Solutions Corporation and Ferus Natural Gas Fuels Inc. have merged forming a new LNG production and distribution technology-focused entity which is now named Cryopeak Energy Solutions Corporation.

Cryopeak announced the acquisition of all LNG assets from Campus Energy Partners Infrastructure LP, including the regional LNG production facility located in Dawson Creek, British Columbia.

Through the merger and acquisition, Cryopeak will be the largest private, vertically integrated, LNG producer and service provider in Canada.

Cryopeak will manage three LNG production facilities in Western Canada and operate the largest fleet of LNG transportation, mobile storage, and regasification equipment. This will serve to support the growing market demand for LNG as a lower carbon fuel. Cryopeak will significantly increase its market presence across Canada to support the adoption of LNG for off-grid industries and remote communities.

“We are very excited with the merger and acquisition which supports Cryopeak in its goal of being a leader in the growing LNG market. With increased production capacity and diverse equipment portfolio, Cryopeak is uniquely positioned to support our customers to integrate LNG safely and efficiently into their operations,” states Calum McClure, CEO of Cryopeak Energy Solutions.

The merger and acquisition support Cryopeak’s strategy of being the leading company specializing in LNG production and distribution and technology solutions in Canada.

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