Pembina sets date for decision on new PDH/PP project
by ChemOrbis Editorial Team - content@chemorbis.com
Canada’s Pembina Pipeline Corporation expects to make a final investment decision on its proposed PP/PDH project by early 2019, the company said in its latest capital program and guidance report.
The project, which is jointly owned with the Canada Kuwait Petrochemical Corp. (CKPC), was expected to receive the green light this year. However, the company announced that the contractual threshold required to make a final investment decision has not been reached yet.
The company also announced plans to spend C$110 million ($82 million) in 2019 to further advance the development of the project.
Located in Alberta, Canada, the $3.5 billion project is expected to include a 550,000 tons/year PP plant.
The project, which is jointly owned with the Canada Kuwait Petrochemical Corp. (CKPC), was expected to receive the green light this year. However, the company announced that the contractual threshold required to make a final investment decision has not been reached yet.
The company also announced plans to spend C$110 million ($82 million) in 2019 to further advance the development of the project.
Located in Alberta, Canada, the $3.5 billion project is expected to include a 550,000 tons/year PP plant.
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