Pembina Pipeline placed USD2.8 bn of integrated assets into service

MOSCOW (MRC) -- Pembina Pipeline Corporation ("Pembina" or "the Company") announced that it has placed approximately USD2.8 billion of integrated capital projects into service, including its Phase III pipeline expansion ("Phase III Expansion") and two connected major delivery points: the Company's third fractionator at Redwater ("RFS III") and its Canadian Diluent Hub ("CDH"), said the company on its website.

"At the outset of these projects, we committed to constructing large-scale, multiyear-build assets on time and on budget, and I'm proud to say that we've successfully delivered on that promise, with the overall portfolio coming in under budget by approximately 8 percent and either on time or ahead of schedule," said Mick Dilger, Pembina's President and Chief Executive Officer.

The Phase III Expansion, which is underpinned by long-term contracts with take-or-pay commitments, was placed into service on June 30, 2017 on time and under budget from the $2.44 billion expected capital. The entire Phase III Expansion program, which was initiated in 2013, included installing over 900 kilometres ("km") of new pipeline primarily along the Company's existing Peace and Northern system rights-of-way, as well as upgrading and adding new mainline pump stations. Initial work for the Phase III Expansion included debottlenecking segments of existing pipeline systems from Taylor, British Columbia to Gordondale, Alberta and adding a new pipeline from Wapiti to Fox Creek, Alberta to accommodate increased volumes upstream of Pembina's Fox Creek tie-in point. In support of handling the increased product, 420,000 barrels per day ("bpd") of incremental capacity was added in the Fox Creek to Namao corridor of Alberta through the construction of two pipelines: a 16 inch and a 24 inch diameter pipeline, each spanning approximately 290 km.

Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns and operates an integrated system of pipelines that transport various products derived from natural gas and hydrocarbon liquids produced primarily in western Canada.
MRC

MOSCOW (MRC) -- PolyOne Corporation, a premier global provider of specialized polymer materials, services and solutions, announced the acquisition of Mesa, a North American producer of color and additive materials and services, said Reuters.

Founded in 1990 and privately-owned, Mesa produces both solid and liquid colorant technologies and operates two facilities located in Phoenix, Arizona and Fort Smith, Arkansas. Mesa serves a diverse range of end markets including packaging, consumer products and outdoor equipment.

"Our color and additives offerings continue to expand, and we're very excited that Mesa is the latest addition to our leading portfolio of solutions," said Robert M. Patterson, chairman, president and CEO, PolyOne Corporation.

"Mesa is our fourth specialty color acquisition in the last eight months," Mr. Patterson said. "We continue to focus on these successful bolt-on opportunities where we can invest to grow, leverage our service and innovation expertise, and collaborate across all our PolyOne businesses."

"Our recent portfolio actions are representative of the momentum we have and will continue to build upon as we accelerate specialty growth," Mr. Patterson added. Along with the recent acquisition of Rutland and the announced divestiture of Designed Structures and Solutions, the company plans to discuss Mesa in more detail on its second quarter investor call.
MRC

MOSCOW (MRC) — Pakistan State Oil is seeking 905,000 t of gasoline and fuel oil for September, three tender documents showed on Wednesday, said Hydrocarbonprocessing.

The state-owned company is seeking 10 cargoes of 65,000 t each of 180-cst high sulfur fuel oil for September loading on a free-on-board (FOB) basis.

It is also looking for 55,000 t of low sulfur fuel oil for September delivery into Kaemari or Port Qasim in Karachi on a cost and freight (C&F) basis.

For gasoline, PSO is seeking four cargoes of 50,000 t each of 92-octane gasoline on a C&F Keamari basis. The tenders close on July 24, remaining valid until Aug. 7

PSO typically uses fuel oil for power generation and gasoline in road transport. Its gasoline imports are slightly higher than usual this month due to increased demand during the school holidays, a source close to the matter said.

But this may fall once monsoon season kicks in and curbs transportation, the source added. Monsoon rains are also curbing demand for gasoil in the agriculture sector, the source said.

PSO has a high inventory of gasoil and jet fuel and does not need to import the fuels for September as of now, the source added.

The company has resumed jet fuel shipments to Afghanistan, after they were halted in June amid a border dispute, the source said.
MRC

MOSCOW (MRC) - Imports of unmixed polyvinyl chloride (PVC) into Kazakhstan slightly exceeded 18,000 tonnes in January-May 2017, up 8% compared with the same time a year earlier, according to MRC analysts.
May unmixed PVC imports into Kazakhstan grew to 4,600 tonnes from 3,900 tonnes a month earlier.

Total PVC imports into Kazakhstan exceeded 18,000 tonnes in January-May, compared with 16,700 tonnes year on year.

The main suppliers of PVC in the local market were producers from China, with their share more than 99% from the total PVC imports into the country.

MRC

MOSCOW (MRC) -- Petrochemical firm SABIC has appointed specialist consultancy RVA Group to oversee the decommissioning, demolition and dismantling of 10 plants at its North Tees and Wilton sites, said Hydrocarbonprocessing.

With work having already commenced in the two locations, the multi-million pound program is expected to be completed in 2020.

The more immediate program involves the demolition of a Jetty, which will begin at the end of July and be cleared in eight weeks. Continued decommissioning support is being provided for a tank farm complex and RVA is also finalizing the contractor selection process for the demolition of two Aromatics plants, with a proposed mobilization date of January 2018.

Elsewhere in Wilton, the 48-week demolition of SABIC’s Olefins 5 Furnaces and neighboring Butadiene 2 facility is already in progress and expected to be completed by the spring of 2018 and the close of 2017 respectively.

“With the two-year upgrade of our cracker plant now complete, this current multi-million pound clean-up signals the latest chapter in the creation of safe, efficient and state-of-the-art facilities that are fit for the future,” said Daren Smith, Site Director (acting).

Whilst RVA is no stranger to projects of this scale—having overseen the three largest decommissioning and dismantling projects ever executed on Jurong Island, Singapore, for instance—this is the biggest assignment the team has seen undertaken in the UK.

RVA was appointed via competitive tender to act as the decommissioning consultant, project management resource and CDM Principal Designer, for this latest phase of the project.

Six RVA personnel have a full-time presence on the two sites, with visiting roles from three additional senior managers. The collaborative assignment is also being carried out in conjunction with SABIC’s own project management team, plus surveyors, dismantling and demolition contractors who are being independently appointed via tender for each individual phase of work.
MRC