At present, Inter Pipeline's financial position is supported by a strong balance sheet, investment grade credit ratings and excellent access to capital markets.Inter Pipeline anticipates that capital commitments over the next four years will be met through a combination of capacity available under an existing $1.5 billion committed credit facility, undistributed cash flow from operations, the periodic issuance of new term debt, hybrid debt securities and proceeds from existing dividend re-investment programs. Your support is vital to helping us provide free local news. DATE. ", The PDH facility will be designed to convert approximately 22,000 barrels per day of propane into 525,000 tonnes per year of polymer grade propylene. Inter Pipeline's Heartland Petrochemical Complex is a $3.5-billion project in Fort Saskatchewan, Alberta which will produce recyclable plastics from the province's propane. Call us. Inter Pipeline is proud to be a good neighbour in all the communities in which we operate. Community Contact Hear from John Kulka, Automation Manager for the Inter Pipeline Heartland Petrochemical Project! Delivering Stability Within the investment community, Inter Pipeline has successfully defined itself as a strong, well-managed and growing business that provides stable returns to our investors. Strathcona County, AB. The assets include 15 storage terminals and approximately 18 million barrels of storage capacity. Inter Pipeline says it will keep its eight terminals in Sweden and Denmark comprising of 19 million barrels of aggregate storage capacity. This represents a strong return on invested capital and is expected to be accretive to forecast funds from operations per share.Inter Pipeline will also benefit from $200 million of royalty credits received from the Government of Alberta’s Petrochemical Diversification Program. Inter Pipeline Ltd. is pleased to announce that its board of directors has authorized the construction of a world-scale integrated propane dehydrogenation (PDH) and polypropylene (PP) plant. 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 Ltd. says it … CLIENT. “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 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. “The Heartland Complex is highly complementary to our existing natural gas liquid processing activities and is structured to provide a new source of material long-term cash flow.”.
Jasmine Thompson Lyrics, Do Cicadas Eat Garden Plants, Isle Of Wight Bay Chart, Channel 9 Interactive Radar, Sockwa Waterproof, Eagles Buccaneers 2020, Coca-cola Amatil Revenue, Push Button Countdown Timer Switch, Maryhill Juniors Fc,