CKPC suspends PDH/PP project in Alberta indefinitely

摘要

Plans for an integrated propane dehydrogenation (PDH) and polypropylene (PP) plant in Alberta, Canada, have been “suspended indefnitely,” according to Pembina Pipeline (Calgary). Capital expenditure on the proposed 4.5-billion Canadian dollar ($3.5 billion) development by Canada Kuwait Petrochemical Corp. (CKPC), a 50/50 joint venture (JV) between Pembina and Petrochemical Industries Co. (PIC; Kuwait City), was frst deferred in March. Pembina now says in a business update that while it continues to believe in the strategic rationale of the project, the “signifcant risks arising from the ongoing COVID-19 pandemic, most notably with respect to costs under the lump-sum contract for construction of the PDH plant, which remains under force majeure condition, require CKPC to suspend execution of the project indefnitely.”