Pembina Ceases Plans for Canadian Petrochemical Project
Pembina Pipeline of Canada and Kuwait’s Petrochemical Industries Company through their joint venture, Canada Kuwait Petrochemical Limited Partnership, have announced that their $4.5 billion integrated propane dehydration plant (PDH) and polypropylene upgrading facility in Alberta would be indefinitely suspended until further notice. This follows another recent indefinite deferment for a major project in North America just last month with Formosa’s $9.4 billion Sunshine complex in Louisiana. In a recent statement, Pembina cited the construction cost risks due to the ongoing pandemic effect on the project, which remains under force majeure conditions. Pembina had already deferred its investm
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