Industry News

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.

Relevant Reports

ISO Modal Container Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Type-I, Type-II, Type-III and Type-IV), By Application (LNG, Industrial Gases and Chemical & Petrochemicals), By Transport (Ship, Road and Rail), By Region, and By Competition

Oil and Gas | Jun, 2024

Businesses seek to tap into international markets and consumers have access to a wider range of products from around the world is one of the factors driving the Global ISO Modal Container Market in the forecast period 2025-2029.

Relevant News