Pembina, PIC makes FID to build Canada PDH/PP facility

HOUSTON (ICIS)--Pembina Pipeline and joint venture partner Petrochemical Industries of Kuwait (PIC) have made the financial investment decision (FID) to build a 550,000 tonne/year integrated propane dehydrogenation (PDH) and polypropylene (PP) facility in Alberta, Canada, the midstream company announced on Monday. The 50:50 joint venture, Canada Kuwait Petrochemical Corp (CKPC), will own the Canadian dollar (C$)4.5bn ($3.4bn) facility, which is expected to start up in mid-2023. Pembina will manage long-term propane supply and provide Alberta-specific operating and project execution experience, feedstock connectivity and producer relationships. PIC will provide PDH and PP project experience and global petrochemical marketing.