Pembina Pipeline Corp. is going ahead with a joint venture with Kuwait’s Petrochemical Industries Co. (Photo by THE CANADIAN PRESS)

Pembina going ahead with polypropylene plant joint venture with Kuwaiti firm

CALGARY — Pembina Pipeline Corp. says it is going ahead with its joint venture with Kuwait’s Petrochemical Industries Co. to build an integrated propane dehydrogenation plant and polypropylene upgrading facility in Alberta.

The project is estimated to cost $4.5 billion including the plants and supporting facilities.

Pembina’s share will be $2.5 billion including a 50 per cent interest in the joint venture, which will own the plants, and a 100 per cent stake in the supporting facilities.

The facility will be located adjacent to Pembina’s Redwater fractionation complex and will consume about 23,000 barrels per day of propane.

It will have nameplate capacity of 550,000 tonnes of polypropylene per year.

The facility is expected to be in-service in mid-2023.

Just Posted

Several Red Deer businesses are doing the downtown shuffle

Four businesses change locations and or name and re-open

Patient data stolen during theft at Red Deer hospital

Alberta Health Services is notifying 6,129 patients that their health information may… Continue reading

Some central Alberta bus drivers face zero tolerance for cannabis

While Canada’s transportation regulator tells flight crews to stay off weed for… Continue reading

Waskasoo Seepee Pow Wow returns to Red Deer

Grand entries at 1 and 6 p.m.

Pro-pipelines rally draws crowd to City Hall

Canadian Taxpayers Federation says Canada missing out on billions in revenue

Raptors announcer credited with calming massive crowd after shooting

TORONTO — The Toronto Raptors’ play-by-play announcer is winning widespread praise for… Continue reading

Massive crowds, security concerns prove to be issues at Raptors parade

TORONTO — A shooting that sparked a stampede at a massive rally… Continue reading

Toronto mayor gives Raptors star Kawhi Leonard key to city

Toronto Mayor John Tory tried to woo Kawhi Leonard by presenting him… Continue reading

Huawei says U.S. sanctions will cost it billions in revenue

SHENZHEN, China — Huawei’s founder said Monday that the Chinese telecom giant’s… Continue reading

Blackout in South America raises questions about power grid

BUENOS AIRES, Argentina — Te huge blackout that left tens of millions… Continue reading

Gloria Vanderbilt, heiress, jeans queen, dies at 95

NEW YORK — Gloria Vanderbilt, the intrepid heiress, artist and romantic who… Continue reading

Toronto mayor gives Raptors star Kawhi Leonard key to city

Toronto Mayor John Tory made his pitch to Raptors star Kawhi Leonard… Continue reading

Health: What you should know about low intensity light therapy

Years ago I nearly made a bad decision. I was asked to… Continue reading

Most Read