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For NB Businesses

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For NB Businesses

New Brunswick, Canada is ready for its next generation of investment

$30B+ in potential capital investment

Explore a portfolio of major opportunities across as critical minerals, advanced materials, energy, digital infrastructure and transportation.

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As Canada positions itself to compete for major global investment, New Brunswick has the expertise and assets to support the industries shaping the country’s future. We have what the world needs: abundant energy, critical minerals and natural resources, advanced manufacturing capabilities, exceptional talent, and an innovation ecosystem ready to help companies grow. Our highly skilled, bilingual workforce, globally connected infrastructure, strategic location, and agile business environment give investors a unique combination of advantages.

What I hear most often from investors is that speed, certainty, and access to the right people matter. That’s where New Brunswick’s scale becomes a key advantage. Here, businesses can work directly with decision-makers, access large, pre-zoned industrial sites, and get the support they need to move projects forward quickly.

ONB works with companies looking to establish or grow their footprint in Canada, providing tailored support to help them navigate their investment journey in our province. Interested in learning more about the investment projects below, or other opportunities in New Brunswick? Connect with ONB Vice President of Investment & Trade, Steve Milbury at steve.milbury@onbcanada.ca or 1+506-977-0860.

Traci Simmons
CEO
Opportunities New Brunswick (ONB)

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aerial oil refinery 2006 (high res)

Atlantic e-Methanol Production Project

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Clean Fuel Production

$1.3B Capital Investment

Medium Term | Pre-FEED

Saint John, NB

Elemental Clean Fuels (ECF) is proposing a low-carbon e-methanol/eSAF production and export facility in Saint John, New Brunswick, that will meet EU RFNBO requirements. The project would produce approximately 200,000 tonnes of e-methanol annually, with a focus on supplying European markets and supporting marine fuel bunkering through dedicated storage infrastructure. Future potential includes the production of sustainable aviation fuel (SAF), supporting the decarbonization of the marine and aviation sectors.

Methanol is increasingly being adopted as a marine fuel, while e-methanol offers a lower-carbon alternative produced from renewable energy and sustainably sourced biogenic carbon. The project represents an opportunity to establish large-scale clean fuel production on Canada’s East Coast, supported by Indigenous partnerships, New Brunswick’s port infrastructure, access to international markets, and world-class onshore wind resources.

Interested in investing in the Atlantic e-Methanol Production project?

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Belledune Port Expansion

Infrastructure | Critical Minerals

$725M Capital Investment

Medium Term | Feasibility Study Update

Belledune, NB

belledune port expansion

The Belledune Port Authority (BPA) is advancing a phased marine terminal expansion as a strategic Canadian transportation and logistics hub for critical minerals, northern mine supply, liquid bulk products, and international trade. The expansion project would support the future development of Baffinland Iron Mines Corporation’s Mary River Mine in Nunavut, providing transshipment and storage capacity for iron ore and other critical minerals moving through the region. The expansion would act as a cornerstone of the Atlantic Corridor, positioned to support growing trade flows between Canada, Europe, Asia, and Africa. As Canada’s only east coast transshipment port and one of Canada’s closest year-round ice-free ports to the Arctic, this new facility is projected to drive a 498% increase in bulk commodity and critical mineral throughput over the next 12 years. For infrastructure investors, this represents a unique opportunity to build upon an established Canadian trade platform, leveraging existing port assets, strategic international shipping routes, and significant long-term growth potential.

Interested in investing in the Belledune Port Expansion project?

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*Less than 5 years, pending a decision by Baffinland

dalhousie pozzolan project

Dalhousie Pozzolan Project

Low-Carbon Materials

$500M Capital Investment

Long Term | Pre-Feasibility

Dalhousie, NB

EcoRock’s Dalhousie Pozzolan Project is a proposed 30-year volcanic rock extraction and processing operation. The project aims to mine, refine and export pozzolan as a partial replacement for clinker in cement production. This low-carbon alternative can significantly reduce greenhouse gas emissions associated with concrete and construction materials. The project would see the expansion of an existing 11-hectare quarry into an 80-hectare open pit mine, increasing annual production from 55,000 tonnes to 3 million tonnes.

Interested in investing in the Dalhousie Pozzolan project?

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Lorneville Data Centre

AI & Digital Infrastructure

$2B Capital Investment

Near Term | FEED

Saint John, NB

lornville data centre

The proposed Beacon Data Centers project is a large-scale digital infrastructure development designed to support hyperscale cloud and artificial intelligence computing workloads. In partnership with energy provider VoltraGrid, the project represents an investment of up to $2 billion. The project leverages New Brunswick’s extensive dark-fibre network and Saint John’s strategic location to position the city as a potential hub for next-generation AI and cloud infrastructure in Eastern Canada.

  • Location: Saint John (Spruce Lake Industrial Park), New Brunswick
  • Investment Horizon: Near Term
  • Current Phase: FEED
  • Total CAPEX: $2 billion (CAD)
  • Learn More: Saint John AI Data Centre

Interested in investing in the Lorneville Data Centre project?

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mactaquac life achivement project

Mactaquac Life Achievement Project (MLAP)

Clean Energy

$7.6 – $9B Capital Investment

Near Term | FEED

Mactaquac, NB

Mactaquac Generating Station is New Brunswick’s largest renewable electricity generating facility and a critical component of the province’s clean electricity system. The MLAP will rehabilitate and modernize the station, extending its operating life to approximately 2068 while supporting New Brunswick’s long-term energy security, grid reliability and transition to net-zero.

Interested in investing in the Mactaquac Life Achievement project?

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New Nuclear Development

Nuclear Energy

$15B+ Capital Investment *

Long Term | Conceptual

Point Lepreau, NB

*Preliminary Estimate

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The Point Lepreau Nuclear Generating Station expansion is a conceptual project aimed at securing reliable, non-carbon-emitting, baseload generation to serve provincial and regional clean electricity demand. The Point Lepreau Generating Station is Canada’s only nuclear generating station outside of Ontario, and its site is licensed for a second nuclear reactor. The current CANDU reactor at Point Lepreau is scheduled to reach the end of its operating life in 2040. A second nuclear reactor could play an important role in maintaining reliable baseload generation to meet future electricity demand. New Brunswick is open to exploring a variety of nuclear technology options to meet future electricity demand.

  • Location: Saint John (Point Lepreau), New Brunswick
  • Investment Horizon: Long Term
  • Current Phase: Conceptual
  • Total CAPEX: TBD; preliminary estimates in excess of $15 billion (CAD) 

Interested in investing in the New Nuclear Development project?

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Saint John Trade Corridor

Trade Infrastructure

$508M Capital Investment

Near Term

Saint John, NB

As one of Eastern Canada’s largest ports by volume, Port Saint John is seeking a long-term commitment to optimize marine and warehousing infrastructure, expand shipping services, and strengthen connectivity. Positioned as a key gateway to global markets through North America’s Atlantic Coast, the port saw 153% growth in goods originating in Ontario moving through the port in 2025, strengthening its role as a preferred Atlantic gateway for Ontario and other Canadian exporters.

Upgrades to port infrastructure and support for existing rail facilities will unlock major economic and logistical benefits for Canadian supply chains. Project upgrades would include channel dredging and marine infrastructure improvements to accommodate larger vessels, along with warehousing enhancements to increase cargo capacity.

This project represents a strategic opportunity to strengthen Atlantic Canada’s trade infrastructure, increase Canadian export capacity, and improve access to global markets, while bolstering the resilience and efficiency of North American supply chains.

Interested in investing in the Saint John Trade Corridor project?

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Sisson Mine Project

Critical Minerals

$1.5B Capital Investment

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Near Term | Pre-Construction

Sisson Brook, NB

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One of the largest undeveloped tungsten deposits in the world. Tungsten has been designated as a critical mineral by the Canadian and United States governments. The project aims to extract tungsten and molybdenum and position itself as one of North America’s most advanced opportunities to establish a secure domestic tungsten supply chain. The project could become the largest tungsten producer outside of China, with proven and probable reserves of 276 Mt (million tonnes) and a planned mine life of 27 years. The projects planned average output would be equivalent to approximately 26% of current non-Chinese supply. The Sisson Mine Project has been designated as a nation-building project and referred to the Federal Major Projects Office.

  • Location: Sisson Brook, New Brunswick
  • Investment Horizon: Near Term
  • Current Phase: Pre-Construction
  • Total CAPEX: $1.53 billion (CAD)
  • Learn More: The Sisson Partnership

Interested in investing in the Sisson Mine project?

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Interested in an Opportunity?

Want to learn more about the investment projects listed above? Contact ONB’s Vice President of Investment and Trade, Steve Milbury, by clicking below or by phone at +1 506-977-0860.

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