Pembina Pipeline Corp., Calgary, Alberta, has reached binding
commercial agreements to proceed with pipeline expansions
valued at about Canadian $2 billion ($1.9 billion).
"We are about to
embark on the largest expansion the company has ever
undertaken, a project which will form the foundation for our
companys growth for years to come," chief executive
officer Bob Michaleski said.
The core of the
expansion is a new 24-inch-diameter pipeline in Alberta running
168 miles from Fox Creek to the Edmonton area. The pipeline,
which is expected to be operational between late 2016 and early
2017, will have an initial capacity of around 320,000 barrels
per day and an ultimate capacity of more than 500,000 barrels
The expansion also will extend segments of the
companys existing pipeline systems from Taylor, British
Columbia, to Edmonton.