Plastics Reclamation Plant Liquidation
Sortation, Grinding, Washing and Starlinger Equipment For Sale
Equipment sold individually
Bids accepted first come, first served basis.
Subject to prior sale.
All offers due by Nov. 7
Click here for pictures and detailed equipment list
Contact David for additional information at 1-630-235-8171
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Pembina delays FID of Alberta PDH, PP facilities to early 2018
HOUSTON, November 4, 2016 (PCW) – Calgary-based Pembina is delaying its final investment decision on a proposed propane dehydrogenation unit and polypropylene facility in Alberta to early 2018 from mid-2017.
The company on Friday, in announcing its third-quarter results, did not provide a reason for the delay.
Pembina and Petrochemical Industries Company, which is a subsidiary of the Kuwait Petroleum Corporation, on Friday stated they have completed their technical, financial and commercial study regarding the projects. The companies will decide on whether to move forward with the front-end engineering decision (FEED) by year’s end.
Pembina and PIC announced the projects in April. The facility would consume about 35,000 barrels/day to produce as much as 800,000 mt/year (1.76 billion/yr) of PP. It had an intial start-up date of 2020. It has an estimated cost of $1.5 billion.
Pembina’s announcement follows fellow Calgary firm Inter Pipeline’s statement on Thursday that it also was delaying the FID on its PDH in Alberta to mid-2017 from the end of this year.
Inter Pipeline on Friday reporte 3Q net earnings of $120 million, up 6.8% from $113 million seen in 3Q 2015, due to increased revenues from oil and natural gas liquids transportation. -- Samantha Hartke