From PetroChem Wire . . . .
PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.
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Canadian, Kuwaiti firms approve Alberta PDH/PP project
HOUSTON, February 4, 2019 (PCW)--Pembina Pipeline and Petrochemical Industries Company (PIC) of Kuwait have decided to move forward with the construction of a joint venture 550,000 mt/yr propane dehydrogenation (PDH) and PP facility in Alberta, Canada, the companies announced today.
Startup is expected in mid-2023, subject to environmental and regulatory approvals.
The facility, which will be located next to Pemina's Redwater fractionation complex, will consume about 23,000 b/d of locally sourced propane and generate PP products, including homopolymers, impact copolymers and random copolymers. -- David Barry