BASF Intertrade and AltaGas have signed a long-term commercial agreement for supply of butane via AltaGas and Royal Vopak's Ridley Island Energy Export Facility commencing in 2027. The company said the agreement will provide BASF with access to competitive and reliable butane from Western Canada. The partnership will diversify BASF's cracker feedstock portfolio.
REEF is a large-scale, open access liquefied petroleum gas and bulk liquids terminal with rail and marine infrastructure currently under construction on Ridley Island, British Columbia, Canada. REEF is expected to be completed by 2026 year-end.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.