Canada to finance new propylene, PP projects
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, Canadian oil producing province of Alberta will provide C$500 million ($376.60 million) in royalty credits to Pembina Pipeline Corp and Inter Pipeline Ltd for the construction of two petrochemical plants.
The reports indicate that Pembina, which is a joint venture with Kuwait’s Petrochemical Industries Company, will receive C$300 million to build a propylene and PP facility worth $3.8 billion to $4.2 billion. The construction is expected to start in 2019 in Sturgeon County and is planned to start operating in 2021.
Similarly, Inter Pipeline will reportedly receive C$200 million in royalty credits to build a propylene and PP facility worth $1.85 billion. The facility is expected to process about 22,000 barrels/day of propane in order to produce propylene after it starts operating in 2021 in Strathcona County.
Both facilities will turn propane into propylene and then into PP.
The reports indicate that Pembina, which is a joint venture with Kuwait’s Petrochemical Industries Company, will receive C$300 million to build a propylene and PP facility worth $3.8 billion to $4.2 billion. The construction is expected to start in 2019 in Sturgeon County and is planned to start operating in 2021.
Similarly, Inter Pipeline will reportedly receive C$200 million in royalty credits to build a propylene and PP facility worth $1.85 billion. The facility is expected to process about 22,000 barrels/day of propane in order to produce propylene after it starts operating in 2021 in Strathcona County.
Both facilities will turn propane into propylene and then into PP.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- China PP, PE markets join global rally after Lunar New Year holiday
- PE, PP and PVC supply crunch exacerbated on US absence, traditional trade flows upended
- European PP, PE markets set for 5th bullish month as shortage bites
- Turkey shattered as PP prices shoot up to surreal levels
- Polymer markets face one of most chaotic times
- Turnaround season set to get underway in Asia
- Crude oil heals COVID-inflicted wounds; now what lies ahead?
- Global shipping turmoil deepens, adding to the upheaval in plastic resins
- China’s post-holiday polymer outlook supported by supply limitations, crude oil
- US PE exports hit record high for 2020 despite production and logistics hurdles
