Inter Pipeline's Heartland Petrochemical Complex is a $3.5-billion project in Fort Saskatchewan, Alberta which will produce recyclable plastics from the province's propane. With its anticipated completion in 2021, Inter Pipeline's complex would be Canada's "first integrated propane dehydrogenation and polypropylene facility." The CUB is expected to be in service by mid-2021, in order to provide utilities for the commissioning of the Heartland Complex. Heartland Petrochemical Complex Propane Dehydrogenation Project.
Inter Pipeline. Speaker Bio John Kulka is the Automation Manager for the Heartland Petrochemical Project responsible for the Instrumentation, Control system, Telecom and IT Infrastructure for the project. Emerging Companies and Venture Capital Insights, OMERS Infrastructure in the US$312 million sale of its interest in Detroit River Tunnel Partnership and its related assets to Canadian Pacific Railway Limited. Mitsubishi in its acquisition of the olefins business of ARLANXEO Canada Inc. Scotiabank in the sale of its operations in Antigua and Barbuda to Eastern Caribbean Amalgamated Bank Limited, GIC in a US$2.7 billion investment with Cascade Investment, L.L.C. Fengate is responsible for funding the remainder of the CUB capital cost on an ongoing basis. “We support the proposed petrochemical facility as a step in the right direction to diversify our local economy within Alberta.” In October 2017 Sturgeon County and CKPC executed a Municipal Improvement Agreement.
Inter Pipeline is a major petroleum transportation, natural gas liquids processing, and bulk liquid storage business based in Calgary, Alberta, Canada. Construction of the Heartland Complex is in progress with completion scheduled for late 2021. This helps ensure that the CUB, which will be highly integrated with the Heartland Complex, will be managed safely and efficiently for the long-term benefit of both Fengate and Inter Pipeline. The senior secured, non-recourse project financing for the acquisition and subsequent construction was provided by a syndicate of lenders consisting of MUFG Bank, Ltd., Canada Branch, Sumitomo Mitsui Banking Corporation, Canada Branch, Canadian Imperial Bank of Commerce, National Bank of Canada, Mizuho Bank, Ltd., Siemens Financial Ltd., Metropolitan Life Insurance Company and Sumitomo Mitsui Trust Bank, Limited, New York Branch. Polypropylene is a high-value plastic that is used to manufacture many everyday products, such as … The PDH facility will be designed to convert approximately 22,000 barrels per day of propane into 525,000 tonnes per year of polymer grade propylene. Fengate has engaged Inter Pipeline to manage the construction of the CUB and the day-to-day operations of the facility once in service. Under the terms of the sale, Inter Pipeline will recover all of its development capital and Fengate will assume responsibility for funding the CUB capital cost, currently estimated at $600 million. The Complex would be located on freehold land within the Alberta Industrial Heartland.
Location. The CUB is a 102 MW natural gas powered cogeneration facility capable of supplying Inter Pipeline with electricity, steam and other key utilities for its 100% owned Heartland Complex near Edmonton, Alberta. Located near Inter Pipeline's existing Redwater Olefinic Fractionator, the Heartland Petrochemical Complex is Canada's first integrated PDH and polypropylene complex.
Further information can be found on Canada Newswire’s website. October 2017-November 2019.
The complex will convert locally sourced, low-cost propane into 525,000 tonnes per year of polypropylene pellets. DATE. and other investors in StorageMart, the largest privately owned self-storage company in the world, GNC Holdings, as Canadian counsel, in the US$770 million Chapter 11 sale of substantially all of its assets to Harbin Pharmaceutical Group Holding Co., Ltd., including its Chapter 11 recognition proceedings in Canada under the. Propane Dehydrogenation (PDH) Facility Print Page The Propane Dehydrogenation (PDH) Facility. Construction of the Heartland Complex is in progress with completion scheduled for late 2021. Strathcona County, AB. Head Office 3200, 215 – 2nd Street SW Calgary, Alberta, T2P 1M4 Fengate has also entered into long-term agreements to supply core utilities to Inter Pipeline's Heartland Petrochemical Complex in exchange for structured capital and operating recovery fee payments from Inter Pipeline. LOCATION. The complex will convert locally sourced, low-cost propane into 525,000 tonnes per year of polypropylene pellets. SCOPE. Expect an introduction of the Inter Pipeline Heartland Petrochemical Complex focusing on all things automation (think design, strategy and execution). Fengate is a leading investment firm specializing in real assets, with a focus on infrastructure, private equity and real estate. The $3.5 billion complex, which excludes the CUB capital cost, consists of integrated propane dehydrogenation and polypropylene plants. Connection design, detailing, supply and fabrication of structural steel, vessel access … On September 25, 2018 Inter Pipeline Ltd. (“Inter Pipeline”) completed its divestiture of the Heartland Petrochemical Complex's Central Utility Block (“CUB”) to Fengate Capital Management (“Fengate”), a privately held infrastructure and real estate investment firm. The $3.5 billion complex, which excludes the CUB capital cost, consists of integrated propane dehydrogenation and polypropylene plants. Located in the Edmonton region, the $3.5-billion Heartland Petrochemical Complex will process locally sourced propane into plastic pellets for use in a variety of everyday end uses. Torys represented Inter Pipeline with a team that included Chris Christopher, Ian Gordon, Carla Hunt, Jessie Mann, Carleigh Kennedy and Tanis Makowsky (corporate/energy & infrastructure), Kevin Fougere (finance), Andrew Bedford (real estate), Craig Maurice (tax), David Wood (litigation), Tyson Dyck (environmental), Lou Cusano and Evan Dickinson (regulatory). With the sale of the CUB to Fengate, Inter Pipeline recovered approximately $50 million of development capital incurred to date in a lump sum closing payment. CLIENT. When in service, the capital fee paid to Fengate will be adjusted upward or downward based on final construction costs.
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