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MESSAGE FROM THE 
PRESIDENT & CEO

Denis Caron

Belledune: setting our sights on the world stage

 

The last few years have been pivotal for the Port of Belledune and a catalyst for developing Canada’s first ever Green Energy Hub. In October, we finalized our Master Development Plan (MDP), an ambitious roadmap conceived in collaboration with partners, communities and Indigenous rights holders to tackle climate change sustainably over the next 30 years.

 

To this end, we signed three memorandums of understanding (MOU) last year: two in Germany with the Ports of Hamburg and Wilhelmshaven, for the import of hydrogen from Belledune beginning as early as 2027; and one with the Port of Dalhousie to collaborate on economic development opportunities for northern New Brunswick. We also entered into an agreement in principle with Cross River Infrastructure Partners (CRIP) for the development of a hydrogen facility and the integration of an ARC advanced small modular reactor (aSMR) on our site, whose 2 GW of energy will serve to produce that hydrogen, with enough left over to double New Brunswick’s nuclear-generated power capacity!

 

We signed three memorandums of understanding (MOU) last year: two in Germany with the Ports of Hamburg and Wilhelmshaven, for the import of hydrogen from Belledune beginning as early as 2027; and one with the Port of Dalhousie to collaborate on economic development opportunities for northern New Brunswick.

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This is an exciting time for the Port’s day-to-day operations as well. Last year saw a record number of local contractors doing business at our facility including tenders for work to complete our National Trade Corridors Fund project estimated at over $34 million. These works included: the connection of two of our terminals which has already fundamentally improved how our stevedoring partner, QSL, handles dry bulk and breakbulk cargo; and the relocation of the tug inlet to a safer and more secure location to protect against weather events. 

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Working with our communities

Following the implementation of the Impact Assessment Act in 2019, the Belledune Port Authority has created and implemented a framework with First Nations to determine the potential impacts of projects on federal lands. We have also formed a Community Liaison Committee comprising members of the provincial government, First Nations and the Port of Belledune senior leadership team. The committee meets regularly on matters concerning Port development to address any concerns about new technology, new proponents and the impacts future planning have on the lands and people in this community.

 

I’d also like to commend the philanthropic efforts of our staff: many Port of Belledune employees are involved in charitable activities, and continue to do so over and above their everyday commitments. From volunteering at the SPCA to serving as board members for hospital foundations and environmental stewardship organizations, I couldn’t be prouder of this team who leads their lives with the same integrity as the manner in which they carry out their work.

 

As we continue to move forward with plans to significantly improve our province’s energy portfolio, my thoughts go to the region’s communities who have been seeking a beacon of hope for decades now in terms of a return to environmentally-sound industry, a more stable economy and sustainable career opportunities right here at home.

 

The Green Energy Hub is it. And its success will depend on the collaboration and support from all levels of government including Federal, Provincial, Municipal and First Nations. In 2023, we celebrate the 5-year anniversary of our Relationship, Engagement and Consultation Protocol, which is a shining example of how to forge a path with all levels of government. 

 

Once commissioned, the Hub will carry future generations of New Brunswickers to prosperity while leaving an indelible mark on the world stage.

Signature
Denis Caron

Building the Future: Advancing Sustainable Growth, Energy, and Trade at the Belledune Port Authority.

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As a year-round deep-water bulk port, the Belledune Port Authority continues to play a vital role in supporting trade, industry, and economic development in northern New Brunswick and Atlantic Canada. Through the handling of diverse liquid and dry bulk commodities serving domestic and international markets, the Port remains an important gateway connecting regional industries to global supply chains.

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In 2025, we continued building on our operational strengths while advancing our long-term vision focused on clean energy, industrial diversification, critical minerals, and sustainable growth. Throughout the year, the Port maintained safe and efficient operations while pursuing strategic partnerships and new development opportunities that position Belledune for the future.

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One of the major developments this year was welcoming Greenergy as a new tenant through the lease of our tank farm facilities. This partnership strengthens Belledune’s role in liquid bulk storage, renewable fuels, and energy logistics, while supporting the Port’s continued growth as an energy hub in Atlantic Canada.

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We also continued discussions with NB Power regarding the potential conversion of the Belledune Generating Station from coal to biomass. Belledune is already recognized as the largest exporter of biomass and wood pellets to Europe in Eastern Canada, and we remain committed to supporting opportunities that strengthen the region’s growing bioenergy sector while protecting industrial employment in northern New Brunswick.

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The Port also advanced opportunities related to Canada’s critical minerals sector, aligning with both the Government of Canada’s Critical Minerals Strategy and New Brunswick’s mining development objectives. Belledune’s deep-water capabilities, rail connectivity, and available industrial lands position the Port to support future mineral transshipment, storage, and value-added industrial development opportunities.

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During the year, we also continued strengthening our long-established relationship with CN Rail, an essential strategic partner for both the Port and the broader economy of northern New Brunswick. Reliable rail infrastructure and service are critical to supporting the movement of commodities and attracting future industrial investment to the region.

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Our growing collaboration with the Port of Antwerp-Bruges continued to strengthen Belledune’s international profile and support new trade and clean energy opportunities through knowledge sharing, investment attraction, and supply chain development.

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Environmental stewardship, safety, and operational excellence remain central to everything we do. The Port Authority continues to prioritize safe and environmentally responsible operations while supporting sustainable economic development for the communities we serve.

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I would like to sincerely thank our employees for their dedication, professionalism, and commitment throughout the year. I also extend my appreciation to our Board of Directors for their continued leadership and guidance, as well as to our tenants, Indigenous communities, industry partners, stakeholders, and government partners for their ongoing collaboration and support.

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As we move forward, the Belledune Port Authority remains focused on sustainable growth, clean energy development, critical minerals, and creating long-term economic opportunities for northern New Brunswick and future generations.

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Thank you.

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Denis Caron

President & CEO

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