RE:RE:Inter Pipeline NewsI just love that nothing is to be wasted. When IPL is not using all of its own power it wil be selling power back to the Alberta grid and since they over built their generating capcity by more than 2x this should offset their own electrical costs as well as providing usefull carbon credits and much needed ESG exposure to institutional investors. This is where BIP has an opportunity to outperform BEP as the carbon offsets are immediately and clearly demonstrable.
fishowl wrote: Heartland Petrochemicals target start is mid-2022! Update on Strategic Initiatives
During the fourth quarter of 2021, progress on the Heartland Petrochemical Complex (Heartland) continued with construction substantially complete and a shift in focus to commissioning and start-up activities. Heartland will be one of the lowest emitting polypropylene producers globally marketing under the brand name Heartland Polymers. Based on the latest integrated schedule we continue to target a mid-2022 start-up, despite ongoing COVID-related challenges. Final cost adjustments related to the potential capitalization of certain additional commissioning expenses and interest during construction for the commissioning period continue to be finalized but are not anticipated to significantly impact the final capital cost.
A significant milestone was achieved during the fourth quarter of 2021 as Inter Pipeline successfully brought the Central Utilities Block (CUB) online and began producing power to the Alberta grid. This is an important step towards the overall operation of the Heartland Petrochemical Complex.