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Canada's Pembina establishes Propylene JV with Kuwait's PIC
HOUSTON, May 15, 2017 (PCW) -– Canada's Pembina Pipeline Corporation has formed a 50/50 joint venture with Kuwait's Petrochemical Industries Company to continue pursuing a previously announced proposed integrated propylene and polypropylene production facility in Sturgeon County, Alberta.
The new entity, known as Canada Kuwait Petrochemical Corporation, includes binding commercial terms in support of the project and will proceed with activities for front end engineering design for it. The project includes a PDH facility that would consume 22,000 barrels per day of propane from the Alberta region and would produce 1.2 billion lbs/yr of polypropylene.
The FEED work is expected to be completed by late 2018, followed by a final investment decision from each partner. -- Kathy Hall