Pembina Pipeline Corp, in response to the COVID-19 pandemic and the recent decline in global energy prices, said it will reduce its 2020 capital spending by C$900 M to C$1.1 bn. The company has decided to defer some of its previously announced expansion projects, including its joint venture propane dehydrogenation (PDH) and polypropylene (PP) project in Canada with Petrochemical Industries Co of Kuwait. Expected to cost around C$4.5 bn, the project involves a complex that will process about 23,000 barrels/d of propane from Pembina's Redwater Fractionation Complex and other local facilities to produce over 550,000 tonnes/y of PP, including random and impact copolymers. The joint venture, Canada Kuwait Petrochemical Corp, recently awarded the engineering, procurement and construction contract for the project to Heartland Canada Partners, a joint venture of Fluor Canada and Kiewit. The facility had been expected to be placed into commercial service in 2H 2023.
Original Source: PetroChemical News, 20 MAR 2020 (Website: http://www.petrochemical-news.com) © William F. Bland Co. 2020.