The CLH deal is expected to be completed in the fourth quarter, subject to closing conditions and regulatory approvals. January 7, 2019 Ed global news. ... 2019 (Expired). It is also Canada’s largest hydrocarbon processing region. Inter Pipeline Ltd. says it has signed a deal to sell a major portion of its European bulk liquid storage business to the CLH Group for $715 million.THE CANADIAN PRESS/Jason Franson Industrial Construction Delivering Attractive Employee Benefits.   The region’s 40+ companies, several being world scale, provide fuels, fertilizers, power, petrochemicals and more to provincial and global consumers. CALGARY — A year after putting its European bulk liquid storage business on the block, Inter Pipeline Ltd. has signed a deal to sell most of it to the Madrid-based CLH Group for $715 million. Schools, hospitals and child care facilities are exempt from the bylaw. Notley used the opportunity to talk about her government’s work to diversify markets for Alberta’s oil and gas resources. Image: Deborah Jaremko/JWN. Heartland Petrochemical Complex Notice Ads from The Fort Saskatchewan Record Call Us 403-717-5725. You can, More Coquitlam schools hit with COVID-19 exposures, This Port Moody company had an ‘a-ha!’ moment that could change the world, UPDATED: Unlawfully at large teenager may present risk to himself or public: Coquitlam RCMP, B.C. Inter Pipeline's Heartland Petrochemical Complex is shown under construction in Fort Saskatchewan, Alta., on Thursday, January 10, 2019. In addition to competitive salaries, we offer a generous compensation package, including an annual bonus program and a long-term incentive plan under which each and every employee is granted a stake in the business. This place we call home, Canada, is outstanding in so many ways. The Fort Saskatchewan Record. Inter Pipeline Ltd. is about one year into construction of the Heartland Petrochemical Complex near Fort Saskatchewan, Alta. Inter said it will keep its eight terminals in Sweden and Denmark with 19 million barrels of aggregate storage capacity. Terms & Conditions. Oil & Gas Business owners get FREE listings on GuidedBy.ca, Inter Pipeline's Heartland Petrochemical Complex is shown under construction in Fort Saskatchewan, Alta., on Thursday, January 10, 2019. The company expects the project, which will process Alberta propane into polypropylene, to be operational in Q4/2019. marks 'sobering' weekend record of 817 COVID cases, UPDATED: Port Coquitlam schoolyard stabbing could result in more arrests, No Remembrance Day service or Lights at Lafarge in Coquitlam. Fort Saskatchewan — Alberta Premier Rachel Notley was on hand at Inter Pipeline Ltd.’s Heartland Petrochemical Complex outside Fort Saskatchewan on Thursday to mark delivery of a central piece of equipment for the facility. The fine for failing to comply is $100 for the first offence and $200 for subsequent offences. Regulatory The mandatory face covering bylaw applies to all residents over the age of 10 when inside public buildings, public transit and enclosed bus shelters. BCLC suppressed investigations of casino high rollers, ... Have the Tri-City News delivered to your inbox twice a week! At Inter Pipeline we recognize the importance of properly rewarding our employees. Inter Pipeline's Heartland Petrochemical Complex is shown under construction in Fort Saskatchewan, Alta., on Thursday, January 10, 2019. Inter bought six of its terminals in the United Kingdom and the one in Amsterdam in the fall of 2018 for $354 million in a deal with Texas-based NuStar Energy. Notley said the increase to the available funding is a result of strong market interest in developing new projects. Save this Ad Print this Ad Email to a Friend. Privacy Policy "This agreement represents a unique opportunity to continue the company’s international expansion and consolidate its presence in the European market," he said in a statement. Pembina was awarded up to $300 million in royalty credits for the facility in late 2016. Last year Alberta more than doubled the available funding in the initiative to $2.1 billion: $1.1 billion through the PDP and $1 billion through the related Petrochemical Feedstock Infrastructure Program. The 97-metre long (or high, once erected) propylene-propane splitter made its way to the construction site over six days, travelling via Mammoet from the Dacro Industries Fabrication yard in Edmonton. The sale includes all of the Calgary-based company's bulk liquid storage and handling assets in the United Kingdom, Ireland, the Netherlands and Germany. Alberta’s Industrial Heartland is one of the world’s most attractive locations for chemical, petrochemical, oil, and gas investment. The purchase includes 11 U.K. terminals plus two in Germany and one terminal in each of Ireland and the Netherlands with a combined storage capacity of about 18 million barrels. made its way to the construction site over six days, the company announced it has delayed a final investment decision, The role of Canada’s resources in delivering our modern world, Biden calls for 'transition' from oil, GOP sees opening, Hydrogen mega-project in Australia on approval fast-track, ​Video/photos: Heaviest-ever load on Alberta roads on the way to Inter Pipeline petchem plant​​, Pembina decision on new Alberta petrochemical plant pushed into 2019, Petrochemical plant construction to dominate Inter Pipeline spend in 2019, Oil slumps below $39 on surging virus and stimulus stalemate, Markets expected to take measure of Cenovus Husky deal as earnings season begins, Rising Star duo share passion for creating change in industry. The splitter, at site near Fort Saskatchewan. In May, Inter warned the cost of building its Heartland complex under construction near Edmonton had risen by about half a billion dollars to about $4 billion and its in-service date may be delayed to early 2022 from late 2021 due to factors including the COVID-19 pandemic. The only other project so far to be awarded PDP funding is a joint venture by Pembina Pipeline and Canada Kuwait Petrochemical for an integrated propane dehydrogenation plant and polypropylene upgrading facility. This report by The Canadian Press was first published Sept. 22, 2020. "As such, proceeds from the sale will be used to reduce debt, strengthen our balance sheet and assist with financing our large capital expenditure program, including the Heartland Petrochemical Complex.". "Monetizing a significant portion of our European asset base enables us to focus resources on developing our higher growth Canadian businesses," Inter CEO Christian Bayle said in a news release Tuesday. In December 2018 the company announced it has delayed a final investment decision on the project into early 2019 because it had not yet secured sufficient commercial offtake contracts. “We’re cooking with gas here in northern Alberta,” she said. From the landscapes to the mountains to the…, Democrat Joe Biden's remark that he would “transition'' away from oil in the U.S. in favour of renewable energy drew…, An ambitious hydrogen project in western Australia that seeks to become the world’s largest renewable energy export facility got a…, © Glacier RIG Ltd., all rights reserved. Your support is vital to helping us provide free local news. Tag: Fort Saskatchewan Heartland Petrochemical Complex.     Markets & Investment Service & Supply. The enactment of the bylaw follows recommendations from the province for anyone in or visiting the Edmonton zone: More information on exemptions is available on the Fort Saskatchewan website. Fort Saskatchewan — Inter Pipeline Ltd. isn’t having trouble finding workers to build its $3.5-billion Heartland Petrochemical Complex, but with an eye on the next activity upswing, the company is investing to build Alberta’s construction workforce capacity. Tower as tall as CFL football field begins complex move out of Edmonton. 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Heartland Petrochemical Complex. 403-717-5725 3200, 215 – 2nd Street SW Calgary, AB T2P 1M4. CLH chairman Jose Luis Lopez de Silanes said the deal will make the company the industry leader in Europe with operations in eight countries. Construction of the $3.5-billion petrochemical plant is backed by up to $200 million in royalty credits awarded by the province in late 2016 through its Petrochemicals Diversification Program.

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