Instructions. Inter Pipeline is conducting a two phase contracting process to underpin this investment. This report by The Canadian Press was first published Sept. 22, 2020. Inter Pipeline is proud to be a good neighbour in all the communities in which we operate. The company says proceeds from the sale will be used to reduce debt, strengthen its balance sheet and help with financing its capital spending, including its Heartland Petrochemical Complex. Search for an address to have the map set a pin there and re-centre, then find the closest route to you. Inter Pipeline to build Canada's first integrated propane dehydrogenation and polypropylene complex, CHRISTIAN BAYLE, President and CEO, Inter Pipeline, This $3.5 billion project represents the single largest capital investment in Inter Pipeline’s history, Upon completion, the project is estimated to generate approximately $450 million to $500 million of long-term annual average EBITDA and be accretive to future funds from operations per share, Inter Pipeline has secured initial binding commercial support for the project from certain counterparties through take-or-pay arrangements, Facility design is well advanced with approximately $400 million invested to date in engineering, procurement and early civil works. CALGARY — Inter Pipeline Ltd. says it has signed a deal to sell a majority of its European bulk liquid storage business to the CLH Group for $715 million. Inter Pipeline (IPL), represented by Fluor, Linde and other EPCs. Your support is vital to helping us provide free local news. Click here to see where you can pick up a copy of the Citizen. Funding for this petrochemical facility is expected to be provided through a combination of debt and equity financing sources. Community Contact The credits were provided in support of the construction of the propane dehydrogenation plant and will be monetized over a three-year period once the complex is operational. CLIENT. Propane feedstock for the PDH plant will be sourced from Inter Pipeline’s Redwater Olefinic Fractionator as well as several other third party fractionators in the region.Detailed engineering for the plant was awarded to Fluor Corporation in 2013 and is now approximately 85 percent complete. Separation? The take-or-pay agreements are structured to provide a fixed return on capital payment to Inter Pipeline, plus a recovery of variable and fixed operating and transportation costs. Become an Alliance Member today. “Alberta is an ideal location to construct a world-scale propane based petrochemical operation,” commented Christian Bayle, Inter Pipeline’s President and Chief Executive Officer. Your City Matters - City of Prince George. Copyright © 2020 BIC Alliance, Inc. All rights reserved. “Alberta is an ideal location to construct a world-scale propane based petrochemical operation,” commented Christian Bayle, Inter Pipeline’s President and Chief Executive Officer. Inter Pipeline's Heartland Petrochemical Complex is shown under construction in Fort Saskatchewan, Alta., on Thursday, January 10, 2019. The deal is expected to be completed in the fourth quarter, subject to closing conditions and regulatory approvals. Giving kids candy at the door wearing a mask, Setting up a socially-distant way to give kids candy, Have the Prince George Citizen delivered to your inbox or your home each day - subscribe now! Or call us at: 1 … Phase 1, which has been completed, resulted in Inter Pipeline securing certain take-or-pay contracts with an average term of 9 years. Supply of steel, including model transfer, connection design, detailing, fabrication, coating and fireproofing for the Propane Dehydrogenation Plant (PDH), Polypropylene Plant (PP), and Central Utilities Block (CUB). The Heartland Petrochemical Complex will be designed to convert locally sourced, low-cost propane into 525,000 tonnes per year of polypropylene, a high value, easy to transport plastic used in the manufacturing of a wide range of finished products. Divorce? Connecting people in business and industry with one another for the betterment of all.

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