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Pembina and Kuwait's PIC Mulling new propane upgrading facility in Alberta

Pembina and Kuwait's PIC Mulling new propane upgrading facility in Alberta

Pembina Pipeline and Kuwait's Petrochemical Industries Company (PIC) are evaluating the construction of a new propane upgrading facility in Alberta. The plant would convert 35,000 bbl/day of propane into 800,000 metric tonnes/year of polypropylene.

About 88% of Canada's propane is produced in Alberta during the fractionation of the natural gas liquids. Alberta produces an estimated 190,000 bbl/day of propane; only 20,000 bbl/day is used in the province and the remainder exported, selling for just pennies a litre. Spot prices actually went negative in the summer of 2015 due to a huge oversupply in the province.

The feasibility study is expected to last 6 months. If approved, the new project could be up and running by 2020.  The Alberta government is offering up to $500 million in royalty offset credits for new petrochemical plants. 

CNRL appealing $8,000 fine for building pond without AER approval

CNRL appealing $8,000 fine for building pond without AER approval

Chevron, Shell and Total's credit ratings get downgraded by Moody's

Chevron, Shell and Total's credit ratings get downgraded by Moody's

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