Canadian company Pembina Pipeline Corp. says it is going ahead with a $4.5-billion joint venture with Kuwait's Petrochemical Industries Co. to build an integrated propane dehydrogenation plant and polypropylene upgrading facility northeast of Edmonton.
The project to turn propane into plastic will help deliver world prices to land-locked western Canadian oil and gas producers, CBC reported.
The plants' plastic pellets will be sent by rail and shipping containers to manufacturers around the world to be turned into recyclable products used in automobiles, medical devices, food packaging and home electronic appliances.
"Sanctioning of the PDH/PP facility is the largest step taken to date by Pembina in executing its strategy to secure global market prices for customers' hydrocarbons produced in Western Canada, and provides another exciting platform for future growth," said Pembina CEO Mick Dilger in a news release.
Petrochemical Industries CEO Mohammed Abdullatif Al-Farhoud added in the same release that the facility is "ideally aligned with PIC's continued pursuit of sustainable and globally diversified growth."
Australian lithium producer Galaxy Resources achieved the upper end of its output guidance for October-December and full-year 2019.
China's Hengli Petrochemical is starting up today its 2.5mn t/yr No.4 purified terephthalic acid (PTA) unit at Dalian.
The House of Democrats in the USA on 10th December’19 announced their support on an amended version of the USMCA, an agreement that was signed on November’18 by all three countries – USA, Mexico, and Canada. The amended agreement which involves changes made to labour and environmental standards and enforcement thereof was swiftly signed by Mexico, but it must now pass through US Congress and Canada’s Parliament for approval.
Iranian President Hassan Rouhani on Monday paid a visit to an exhibition on the country’s latest products and achievements in the petrochemical industry.
Future clean fuels programs in the US and Canada and more stringent carbon intensity targets in existing programs will provide additional demand for renewable fuels over the next few years, giving biofuels producers reason to be bullish.
Jam Polypropylene Company has set a new production record in the first 8 months of the current calendar year, which began on March 21.