Inter Pipeline has announced an update on production capacity contracting, adjusted EBITDA guidance, environmental advantages and other matters relating to the Heartland Petrochemical Complex (HPC).
“Our commercial teams have made great progress in securing high-quality, long-term contracts for HPC’s production capacity,” said Christian Bayle, Inter Pipeline’s president and chief executive officer. “We are over 85 percent of the way to our minimum contracting objective and advanced negotiations are proceeding with a number of additional counterparties.”
It said HPC, which is in the final stages of completion in Strathcona County, Alberta, will be an “industry-leading petrochemical facility converting locally sourced, low-cost propane into high-value polypropylene”.
The construction of HPC continues to advance, with the propane dehydrogenation plant expected to be substantially mechanically complete in May 2021 and the polypropylene facility by the end of the year. Polypropylene production is expected to commence in early 2022.
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