trending Market Intelligence /marketintelligence/en/news-insights/trending/9fQqFUaFZxLqzKO6bt67Rw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Pembina hikes cost estimate for its share of Alberta petchem plant

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

In the Battle for Market Share, Analysts See Downturn Boosting Renewable Energy

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry


Pembina hikes cost estimate for its share of Alberta petchem plant

Pembina Pipeline Corp. raised its share of the capital cost of a planned integrated propane dehydrogenation and polypropylene plant in Alberta to C$2.7 billion to account for a newly executed lump sum contract for the plant's propane dehydrogenation facility.

Pembina previously pegged its net investment at C$2.5 billion. The midstream service provider said the updated cost estimate will not affect its previously announced 2020 budget, according to a Jan. 7 news release.

Canada Kuwait Petrochemical Corp., a joint venture of Pembina and Petrochemical Industries Co. KSC of Kuwait, executed a lump sum engineering, procurement and construction contract for the construction of the propane dehydrogenation facility. The contract fixed about 60% of the costs related to the integrated plant for cost certainty, the company said.

Heartland Canada Partners, a 50/50 partnership between construction companies Fluor Canada Ltd. and Kiewit Construction Services ULC, will serve as the contractor for the propane dehydrogenation facility. Canada Kuwait Petrochemical is still looking for a contractor for the polypropylene plant.

The joint venture also now expects the facilities to begin commercial service in the second half of 2023. Canada Kuwait Petrochemical previously scheduled a mid-2023 in-service date.

Pembina and Petrochemical Industries reached a positive final investment decision to build the 550,000-tonne-per-annum integrated plant in February 2019, after previously delaying a decision due to insufficient contracts. At the time of the final investment decision announcement, the project was expected to cost C$4.5 billion.