Deputy Prime Minister, Minister of Finance and Acting Minister of Oil Anas Al-Saleh said that Petrochemical Industries Company (PIC) and Canada's Pembina Pipeline Corporation (Pembina) signed a heads of agreement to jointly develop a feasibility study for a world-scale combined PDH&PP facility in Alberta, Canada.
Under the terms of the agreement, the partners PIC and Pembina will study a world-scale propane de-hydrogenation (PDH) and polypropylene (PP) plant in Alberta, Canada with capacity to produce up to 800,000 tonnes per year of Polypropylene.
Speking to KUNA, Al-Saleh said building on PIC's existing assets in Alberta since 2004, this potential project further supports PIC's continued efforts in expanding its business portfolio globally with exceptional investment and partnership opportunities, especially in the promising regions with advantageous feedstock.
With access to the largest supply of propane in Western Canada, Pembina is ideally suited to facilitate the development of this project. Moreover, This project potentially builds on both Pembina's position as the largest supplier to Alberta's existing petrochemical industry, as well as being one of Canada's leading energy infrastructure companies, he added.
The feasibility study will be completed within six months followed by relevant approvals to proceed to Front End Engineering Design (FEED). Subject to regulatory, environmental, and PIC and Pembina's Board of Directors' approval, the project has a start-up planned by 2020.