Post Tagged with: "polypropylene"

Source: Pembina Pipeline Corporation

Pembina to Acquire Kinder Morgan Canada and Cochin Pipeline for CAD $4.35 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360 Pembina Pipeline Corporation will purchase Kinder Morgan Canada and U.S. portion of Cochin Pipeline for CAD $4.35 billion Pembina Pipeline Corporation (stock ticker: PBA), a midstream service provider based out of Calgary, has entered into agreements to acquire Kinder Morgan Canada Limited (stock ticker: KMLGF) and the U.S. portion of the Cochin Pipeline system from Kinder Morgan Inc. (stock ticker: KMI) for a total purchase price of CAD $4.35 billion. The transaction values Kinder Morgan Canada at approximately CAD $2.3 billion, or CAD $15.02 per share, and the Cochin Pipeline at CAD $2.05 billion for cash consideration. As a result of the deal, Pembina’s board of directors has… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Texas County Sues Exxon Over Air Pollution from Petrochemical Fire – Official

Texas County Sues Exxon Over Air Pollution from Petrochemical Fire – Official

From Reuters Harris County, Texas sued Exxon Mobil Corp on Thursday over pollution from a fire a day earlier at the company’s Baytown Olefins Plant, according to an attorney for the county. The fire was being investigated by federal and state agencies. The U.S. Occupational Safety and Health Administration (OSHA) and the Texas Commission on Environmental Quality (TCEQ) were at the scene to determine the cause of a blaze that raged for hours and raised a column of black smoke over the area. The suit by Harris County, which includes Baytown, is the second lawsuit this year against the company involving fires at the plant. The suit seeks court orders to prevent future fires at the Baytown plant, said Rock Owens, managing attorney for the environmental practice in the Harris County Attorney’s Office. “It’s disappointing to me for a company to have these kinds of problems with the potential for[Read More…]

August 1, 2019 - 6:05 am Closing Bell Story, Crude Oil News, Downstream, Energy News, Law
Source: Financial Post

Pembina Delays FID on $3.5B Plastics Plant, Seeks Partner for LNG Project

From Financial Post Pembina is looking to reduce its wholly owned Jordan Cove LNG project to between 40% and 60% CALGARY — Pembina Pipeline Corp. officially delayed an investment decision on a $3.5-billion petrochemical facility in Alberta on Monday, but analysts say they’d be shocked if the company didn’t eventually build the project. The Calgary-based pipeline company announced a $1.6-billion capital budget for 2019 on Monday but delayed making a final investment decision on a project that would convert propane into plastic pellets used in a variety of consumer goods. The project, a propane dehydrogenation and polypropylene plant, jointly owned with the Canada Kuwait Petrochemical Corp., was widely expected to receive the green light before the end of the year but Pembina said it is still working to sign long-term off-take agreements for half of the facility’s output. Raymond James analyst Chris Cox said in a research note the delay[Read More…]

December 13, 2018 - 12:30 pm Canada, Closing Bell Story, Energy News, LNG