Inter Pipeline Ltd. has announced a US$1.46 billion CAPEX programme for 2019.
Approximately US$1.34 billion, or 92%, of total CAPEX will be for organic growth initiatives with the remaining invested in sustaining capital projects.
"Our 2019 capital programme will largely be focused on construction activities related to the US$3.5 billion Heartland Petrochemical Complex," stated Christian Bayle, Inter Pipeline's President and CEO. "This transformational investment is proceeding according to plan with an expected completion date of late 2021. Rounding out our capital programme will be investments in various smaller scale infrastructure projects to enhance service offerings within our pipeline, NGL processing and storage business units."
Within this business segment, approximately US$1.1 billion is expected to be committed to advance the development of the Heartland Petrochemical Complex. In 2019, detailed design work and procurement of major equipment will be completed. Mechanical construction of the propane dehydrogenation plant will continue, including the installation of major pressure vessels and other critical equipment modules. Site construction of the integrated polypropylene plant will also advance, including the installation of the polypropylene reactor and other core mechanical components. The project continues to be on schedule and budget.
Additionally, approximately US$20 million will be directed toward various projects to increase processing capacity, as well as enhance product storage and delivery systems at the Redwater Olefinic Fractionator. The remaining US$10 million of capital will be invested in smaller organic growth projects at Inter Pipeline's NGL extraction plants.
Bulk liquid storage
Inter Pipeline is planning to spend approximately US$20 million in 2019 to meet increased demand for storage at certain facilities located in the UK, Sweden and Germany, as well as the recently acquired terminal in the Port of Amsterdam.
Read the article online at: https://www.tanksterminals.com/terminals/05122018/inter-pipeline-announces-capex-programme-for-2019/