Pieridae Energy has been given the official go-ahead by the Nova Scotia Utility and Review Board to build a liquefied natural gas plant in Guysborough County.
The estimated $5 billion plant will apparently be hiring and buying locally according to the CBC. Guysborough County Warden Vernon Pitts said the decision could be a game-changer locally and abroad, adding the plant could be the largest private investment in Nova Scotia history.
“We’ve never seen a project like this in Guysborough County, nor in the province of Nova Scotia,” Pitts said. “This is potentially the largest private investment in the history of the province.”
Pieridae has already received environmental approval for the project from the province. The plant is expected to create about 4,000 jobs. The municipality has a population of 4,500, so it’s likely the population could double in the next few months, Pitts said.