OTCPK:ICPVF - Post by User
Post by
MOJOJONOon Dec 10, 2018 10:28pm
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Post# 29095053
Pembina's Poly Plans are much further behind
Pembina's Poly Plans are much further behind
Pembina released their Capital Spending program today. They have a focus on the Veresen LNG project.
Interesting thing to consider is that PPL's poly is much further behind IPL's. They are still planning and haven't begun lining up construction. In comparison, IPL has already moved on and is in position to install major equipment.
https://www.newswire.ca/news-releases/pembina-pipeline-corporation-announces-2019-capital-program-and-guidance-702334171.html "Pembina plans to spend $110 million in 2019 to further advance development of CKPC's integrated propane dehydrogenation ("PDH") plant and polypropylene ("PP") upgrading facility ("PDH/PP Facility"), including progressing engineering to secure lump sum construction contracts on both the PDH and PP plants. Pembina is committed to developing this project within its financial guardrails and continues to engage in commercial discussions to secure approximately 50 percent of Pembina's expected cash flows from the PDH/PP Facility on a long-term, fixed-return basis. While progress has been made, Pembina has not yet reached the contractual threshold required to make a final investment decision. Pembina continues to work with an objective to achieve the required threshold to make a positive final investment decision by early 2019."