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12-18-2017, 03:56 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,857
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$3.5-billion petrochemical project north of Edmonton
http://www.cbc.ca/news/canada/calgar...lant-1.4455092
good news.. they are still spending in alberta
Quote:
Calgary-based Inter Pipeline Ltd. says it has decided to go ahead with a $3.5-billion petrochemical project in an industrial area north of Edmonton.
The complex will convert propane into polypropylene, a plastic used in the manufacturing of products such as automobile parts, containers and Canadian bank notes.
The province picked Inter Pipeline's project a year ago to receive up to $200 million in royalty credits.
Pembina Pipeline, also headquartered in Calgary, is to receive $300 million in credits for a similar project in the same area if it decides to proceed.
The credits, to be paid out after the facilities are operating, can't be used directly by the petrochemical facilities, but they can be sold to oil or natural gas producers to reduce their provincial royalty payments.
Inter Pipeline says construction of the integrated propane dehydrogenation and polypropylene plant is the most expensive project it has ever built.
Construction is to be completed in late 2021.
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12-18-2017, 04:28 PM
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Banned
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Join Date: Oct 2013
Posts: 5,326
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Probably a result of Kenney's landslide win. They see a favorable trend for business coming up.
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12-18-2017, 05:21 PM
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Join Date: Aug 2012
Posts: 2,169
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Propane is soo cheap and glutted out in alberta you would be crazy not to build a pdh facility.. This is really good news for construction trades and another great places for continued operations personel to work plus all the auxillaries needed to run the place. I think the will run a 300 meg cogen unit too or something which will probably pound some new power into the grid at the same time (not that we need more power in a power glut but itll be good for the end users price point)
What most people dont realize is politics has nothig to do with projects that last 25-75 years like most petrochemical plants and refineries. That is 6-18 elections, you would have to be very short sighted to base decisions on the current set of politcians in power at any given time. The plant will barely be finished and who ever is the next premier will be on the way out the door and it ll run into full swing two premiers from now.
Cheap natural gas and liquids is fueling a whole new wave of investment in alberta. Lots of places are putting in gas co generation and we will probably get the pembina pdh project as well which between the two would be 8 billion in investment.
I think now that oil and gas have been in the dumps for so long the nice margins of processing and refining are starting to look appealing vs slogging it out dumping raw product while losing money
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12-19-2017, 08:39 AM
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Join Date: Sep 2012
Posts: 6,275
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If you look back in history Peter Locheed was the Petrochemical "Premier with Vision". All the other premiers since could not even spell petrochemicals. Nice to see even Notley moved 2 petrochemical projects forward, good value adding as Ford mentioned.
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12-19-2017, 09:03 AM
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Join Date: Mar 2011
Location: Edmonton
Posts: 1,015
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Quote:
Originally Posted by 79ford
What most people dont realize is politics has nothig to do with projects that last 25-75 years like most petrochemical plants and refineries. That is 6-18 elections, you would have to be very short sighted to base decisions on the current set of politcians in power at any given time. The plant will barely be finished and who ever is the next premier will be on the way out the door and it ll run into full swing two premiers from now.
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We have been working on this project for almost 3 years. Very nice to see it is going ahead now.
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12-19-2017, 10:11 AM
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Join Date: Feb 2012
Location: Blackfalds
Posts: 6,955
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Quote:
Originally Posted by Big Grey Wolf
If you look back in history Peter Locheed was the Petrochemical "Premier with Vision". All the other premiers since could not even spell petrochemicals. Nice to see even Notley moved 2 petrochemical projects forward, good value adding as Ford mentioned.
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Nah these companies see that Notley is done with Kenney being elected.
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12-19-2017, 10:44 AM
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Join Date: Nov 2017
Posts: 175
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Refineries
Let's see some refinery construction. Refine our own.
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12-19-2017, 06:07 PM
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Join Date: Aug 2012
Posts: 2,169
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Quote:
Originally Posted by DiabeticKripple
Nah these companies see that Notley is done with Kenney being elected.
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Most of these plants run for a minimum of 40 years.... or ten elections, politics has nothing to do with anything lol. You would have to be the silliest goomba of a company to base half century business decisions on election polls.
The plant I work at has been running since the 1950's or about 16 elections.
This propylene plant was concieved under redford rule and Williams co. The owner at the time was actually considering building it in louisiana because both places have cheap nat gas liquids for feed and alberta had high construction costs due to winterization stuff because of our lousy winters.
Interpipeline bought williams canada and continued construction of the initial groundwork on this projec and has now decided to bring it to a finish.
This project was concieved under conservative rule, continued under ndp rule and got the greenlight, it will be commissioned half way through the next provincial term and probably be fully operational and debugged by the end of it... then continue to run for at the very minimum of 9 years or whatever all their initial supply contracts were for.
That is 3 elections...... you honestly think who may or may not get elected has anything to do with a 25 year minimum lifespan project?
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12-19-2017, 07:35 PM
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Join Date: Aug 2012
Posts: 2,169
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http://www.interpipeline.com/news/ne...&releaseId=343
QUOTE=DiabeticKripple;3692006]Nah these companies see that Notley is done with Kenney being elected.[/QUOTE]
As you can see the original concept was probably conjured up in 2010 or so with engineering starting for construction starting in 2013. Planned finished date of late 2021 which is probably more like a 2022/2023 commission and running by date.
Kenney, if he were to be elected will be up for an election by the time it starts up and stelmach was premier when this idea was conjured up which is what three premiers ago? Lol
At the rate alberta burns through premiers this plant will probably see 20 premiers before a compressor auxillary lube oil pump needs a rebuild, and people think a calagary by election has anything to do with interpipelines investment decisions?
Politicians are like logs floating down a river for petrochemical plants and refineries.... some logs float by nice and easy, others kinda bounce around and get lodged in awkward places that arent ideal, other logs dislodge jammed logs, some logs have welcome or unwelcome guests but generally not matter what the river keeps flowing.
Bottom line is this thing means billions in new investments, high paying jobs and a customer for alberta propane that sells a finished product that can be shipped anywhere, no didling with pipeline weenies, no provinces to deal with other than good old alberta.
The way drillers go after oil and condensate in the shale formations all the associated natural gas and gas liquids will needs a home vs being dumped as a byproduct of condensate/oil production. That dumping hurts all your traditional dry gas producers and associated down stream plants, kills refiners light ends sales.
Last edited by 79ford; 12-19-2017 at 07:51 PM.
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12-19-2017, 07:54 PM
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Join Date: Jan 2015
Posts: 497
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Kiewit will be the main contractor I’ve heard.
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12-19-2017, 08:13 PM
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Join Date: Dec 2008
Posts: 2,588
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Quote:
Originally Posted by 79ford
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As you can see the original concept was probably conjured up in 2010 or so with engineering starting for construction starting in 2013. Planned finished date of late 2021 which is probably more like a 2022/2023 commission and running by date.
Kenney, if he were to be elected will be up for an election by the time it starts up and stelmach was premier when this idea was conjured up which is what three premiers ago? Lol
At the rate alberta burns through premiers this plant will probably see 20 premiers before a compressor auxillary lube oil pump needs a rebuild, and people think a calagary by election has anything to do with interpipelines investment decisions?
Politicians are like logs floating down a river for petrochemical plants and refineries.... some logs float by nice and easy, others kinda bounce around and get lodged in awkward places that arent ideal, other logs dislodge jammed logs, some logs have welcome or unwelcome guests but generally not matter what the river keeps flowing.
Bottom line is this thing means billions in new investments, high paying jobs and a customer for alberta propane that sells a finished product that can be shipped anywhere, no didling with pipeline weenies, no provinces to deal with other than good old alberta.
The way drillers go after oil and condensate in the shale formations all the associated natural gas and gas liquids will needs a home vs being dumped as a byproduct of condensate/oil production. That dumping hurts all your traditional dry gas producers and associated down stream plants, kills refiners light ends sales.[/QUOTE]
Only problem I have with all of this is the comment about the aux oil pump. Just changed one out on a 6 month old compressor.
Get your facts straight man...
Haha
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12-19-2017, 09:40 PM
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Join Date: Aug 2012
Posts: 2,169
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Quote:
Originally Posted by ESOXangler
Only problem I have with all of this is the comment about the aux oil pump. Just changed one out on a 6 month old compressor.
Get your facts straight man...
Haha
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That lube oil pump lasted longer than Jim Prentice,lol
I think all the chemical plants are a really good way to diversify the economy... you still use hydrocarbon feedstock but you produce stuff that humans need even if electric cars etc catch on in a big way.
There has got to be alot of propane etc sloshing around out by ftsask/redwater with all those fractionators etc around there.
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12-20-2017, 09:35 AM
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Join Date: Sep 2012
Posts: 6,275
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Nice to see Notley is taking a chapter out of Peter Lougheeds play book! Maybe a Lady of Vision! Value adding rather than ship it down a pipe to Texas for American jobs for Trump.
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12-20-2017, 11:37 AM
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Join Date: May 2007
Location: Red Deer
Posts: 1,535
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Quote:
Originally Posted by ESOXangler
Politicians are like logs floating down a river for petrochemical plants and refineries.... some logs float by nice and easy, others kinda bounce around and get lodged in awkward places that arent ideal, other logs dislodge jammed logs, some logs have welcome or unwelcome guests but generally not matter what the river keeps flowing.
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Is it just me or did this sound more like a bowel movement
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12-20-2017, 12:19 PM
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Join Date: Oct 2009
Location: Sherwood Park Ab
Posts: 6,286
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Quote:
Originally Posted by Big Grey Wolf
If you look back in history Peter Locheed was the Petrochemical "Premier with Vision". All the other premiers since could not even spell petrochemicals. Nice to see even Notley moved 2 petrochemical projects forward, good value adding as Ford mentioned.
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Like you spelling Lougheed...
__________________
An awful lot of big game was killed with the .30-06 including the big bears before everyone became affluent enough to own a rifle for every species of game they might hunt.
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12-20-2017, 12:29 PM
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Join Date: Jun 2013
Location: Bazeau County East side
Posts: 4,192
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Quote:
Originally Posted by Big Grey Wolf
Nice to see Notley is taking a chapter out of Peter Lougheeds play book! Maybe a Lady of Vision! Value adding rather than ship it down a pipe to Texas for American jobs for Trump.
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Shipping Jobs to Trump?
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12-20-2017, 01:36 PM
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Join Date: Jul 2009
Posts: 883
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Quote:
Originally Posted by Big Grey Wolf
Nice to see Notley is taking a chapter out of Peter Lougheeds play book! Maybe a Lady of Vision! Value adding rather than ship it down a pipe to Texas for American jobs for Trump.
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Has ****** all to do with Nothead, it is the company's finding the feedstocks to make an investment of this size profitable.
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"I'll give you my gun when you take it from my cold, dead hands" - Charlton Heston, 1923-2008
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12-20-2017, 07:22 PM
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Join Date: Aug 2012
Posts: 2,169
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Quote:
Originally Posted by smith88
Has ****** all to do with Nothead, it is the company's finding the feedstocks to make an investment of this size profitable.
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Pretty much, propane is cheap and the price of propylene is good. Just like other major hydrocarbon production projects or processing projects.... to prove out an oil field or petrochem/refining idea, engineer and construct it then finally run it takes a good 7-10 years or more. Thats three premiers come and a few gone.
Everyone is drilling in iraq, why? You can make alot of money nothing to do with government.
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