Inter Pipeline Ltd. Successfully Acquires Williams’ NGL Midstream Business in Canada
Alberta: Oklahoma based Williams
Canada had two plants for natural gas extraction near Fort Murray, one fractionator
near Redwater and the plants are interconnected by a 420 kilometers pipeline
system. The gas extraction plants have a capacity of extracting around 40,000
barrels of olefins and NGL per day from the off gas reserves and the pipeline’s
capacity is 43,000 barrels per day. In this deal, Inter Pipeline Ltd is also
supposed to acquire Williams’ USD1.85 billion worth proposed PDH facility in
Edmonton which focuses on the conversion of low cost propane into polymer grade
polypropylene which has wide use in plastics manufacturing industry.
TechSci Research depicts that through this acquisition, Inter Pipeline Ltd. will
strengthen its position in the Canadian NGL Business and with the development
of new capacity for polypropylene production, in addition to low cost propane
availability, will drive the polypropylene market in the region.
According to the recently published report by
TechSci Research, “Global Pet Coke to Chemicals
Market By Derivative (Propylene, Ethylene, Oxo
Chemicals, Methyl Acetate, Acetic Acid, Acetic Anhydride, etc.), By End Use
Application, Competition Forecast and Opportunities, 2011 – 2025”, the global pet coke market is forecast to
surpass USD25 billion by 2025, on account of increasing industrialization and
rising investments in the cement industry. Surging demand for pet coke as
feedstock in various downstream industries such as chemical, construction,
automotive, textile and consumer goods is expected to fuel growth in the global
pet coke market during 2016 - 2025. In 2015, cement production dominated demand
for pet coke across the globe and the segment is anticipated to continue its
dominance in the market through 2025.