Fort Saskatchewan

Pembina Pipeline Corporation Announces 2024 Guidance and Provides Business Update

Retrieved on: 
Monday, December 11, 2023
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Momentum, EBITDA, NYSE, Wildfire, FID, Emperor, Cedar, Income tax, Investment, NGL, Multimedia, NEBC, Marketing, Pembina Pipeline, PPL, Natural gas, PBA, WCSB, Growth, Dow Chemical Company, TSX, PGI, Renewable energy, Real estate, Bookkeeping, Fort Saskatchewan

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its 2024 financial guidance and provided a business update.

Key Points: 
  • Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its 2024 financial guidance and provided a business update.
  • Pembina continues to progress the previously disclosed 40,000 barrels per day ("bpd") expansion of its NEBC Pipeline system and evaluate additional pipeline and terminal infrastructure in the region.
  • At the midpoint of the 2024 guidance range, volumes in Pembina's conventional pipelines business and gas processing business are expected to be approximately nine percent and three percent higher, respectively.
  • A lower contribution from the Cochin Pipeline due to lower contracted tolls beginning in the third quarter of 2024.

Fluor Announces Q3 Contracts from Dow for Net-Zero Ethylene Cracker and Derivatives Complex in Canada

Retrieved on: 
Monday, December 4, 2023
Other Energy, Utilities, Sustainability, Alternative Energy, Energy, Other Construction & Property, Commercial Building & Real Estate, Other Manufacturing, Construction & Property, Environment, Green Technology, Engineering, Manufacturing, FLR, NYSE, Multimedia, Fluor Corporation, Oil, Renewable energy, Dow, Fort Saskatchewan

As previously announced and recognized in the third quarter on a confidential basis, Fluor Corporation (NYSE: FLR) was awarded two contracts from Dow for the construction of the world’s first net-zero scope 1 and 2 emissions integrated ethylene cracker and derivatives complex in Fort Saskatchewan, Alberta, Canada.

Key Points: 
  • As previously announced and recognized in the third quarter on a confidential basis, Fluor Corporation (NYSE: FLR) was awarded two contracts from Dow for the construction of the world’s first net-zero scope 1 and 2 emissions integrated ethylene cracker and derivatives complex in Fort Saskatchewan, Alberta, Canada.
  • View the full release here: https://www.businesswire.com/news/home/20231204509723/en/
    The reimbursable services contracts represent a total value of more than $3 billion and consist of engineering, procurement and construction management for a new ethylene cracker unit and for the associated utilities, power and infrastructure facilities.
  • The overall program also includes the expansion and retrofit of Dow’s existing manufacturing facilities.
  • “We are excited to have Fluor on board again to deliver a similar or even better project outcome.”
    In February, Fluor was awarded the front-end engineering and design contract for the project.

Dow's Board of Directors Approves Final Investment Decision for Path2Zero Project

Retrieved on: 
Tuesday, November 28, 2023
Plastic, EBITDA, Carbon, TX-9, NYSE, Hydrogen, DOW, MTA, Dow, CO2, Global warming potential, Nitrogen, KTA, Linde, ITC, Hygiene, Growth, Environment, Transport, Oil, Fine chemical, Renewable energy, Western Canada, Fort Saskatchewan

The region also features access to existing CO2 transportation and storage infrastructure with available capacity to fully support decarbonization of the project.

Key Points: 
  • The region also features access to existing CO2 transportation and storage infrastructure with available capacity to fully support decarbonization of the project.
  • Dow's investment leverages approximately $2 billion of investment from third-party companies for circular hydrogen, CO2 capture, and other infrastructure assets critical to the project execution.
  • We are proud that Dow has chosen to build and launch their project here.
  • This project does not just mean net-zero emissions, it means more jobs and a stronger economy.

The 2023 Canadian Independent Grocers of the Year

Retrieved on: 
Thursday, October 26, 2023
Gold, Barrhead, Alberta, Family, Canada Fitness Award Program, AB, Royal Oak, Silver, Canada, Grocery store, Mail order, Amusement park, Fort Saskatchewan

TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- The 61st Annual Canadian Independent Grocer of the Year Awards Ceremony was presented tonight (Wednesday, October 25, 2023) in Toronto, in front of a gala audience of over 500 leading grocers, suppliers, and distributors at Grocery Innovations Canada , Canada’s premier grocery conference and trade show.

Key Points: 
  • TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- The 61st Annual Canadian Independent Grocer of the Year Awards Ceremony was presented tonight (Wednesday, October 25, 2023) in Toronto, in front of a gala audience of over 500 leading grocers, suppliers, and distributors at Grocery Innovations Canada , Canada’s premier grocery conference and trade show.
  • Each year, the Canadian Federation of Independent Grocers (CFIG) Awards Program recognizes the success of outstanding independent retailers and offers insights into innovations that are changing and enhancing the way retailers compete.
  • Joseph Kim and Shane Bae, Galleria Supermarket, Oakville, ON
    Top-scoring stores from the four Canadian regions in the small, medium and large size categories.
  • Joseph Kim & Derek Jun, Galleria Supermarket – York Mills, Toronto, ON
    Management and team of Country Grocer Royal Oak, Country Grocer (Royal Oak), Victoria, BC

Cielo Announces Closing of Sale of Fort Saskatchewan Property and Repayment of $11 Million Mortgage Loan

Retrieved on: 
Thursday, August 3, 2023
Sale, Purchasing, TSX Venture Exchange, CMC, CAD, FCF, Oil, Real estate, Commercial property, Fort Saskatchewan

On July 17, 2023, the Company announced that it had entered into a purchase and sale agreement with First Choice Financial Incorporated (“FCF”), as purchaser, for the sale (the “Sale”) of the Company’s property in Fort Saskatchewan, Alberta (the “FS Property”), which has now closed.

Key Points: 
  • On July 17, 2023, the Company announced that it had entered into a purchase and sale agreement with First Choice Financial Incorporated (“FCF”), as purchaser, for the sale (the “Sale”) of the Company’s property in Fort Saskatchewan, Alberta (the “FS Property”), which has now closed.
  • The purchase price for the FS Property was CAD $13 million (the “Purchase Price”), subject to the terms of the Note (as defined below), and has been paid as follows:
    FCF previously provided a mortgage loan of CAD $11 million (the “Existing Mortgage Loan”) to the Company, which was secured in part by the FS Property.
  • $11 million of the $13 million Purchase Price has been applied to extinguish the Existing Mortgage Loan.
  • Other than customary fees, such as realtor commissions, no third-party finder fees have been paid with respect to the Sale.

Cielo Announces Up to CAD $5 Million Financing, Termination of Prior Proposed Financing and Agreement for Sale of Property, and Provides Operational Update

Retrieved on: 
Monday, July 17, 2023
Purchasing, TSX Venture Exchange, FOR, Mortgage loan, CMC, Stock dilution, CAD, First Commercial Bank, Exchange, Research, Person, Tenant, Protected area, EPA, Date, FCF, Alberta Environment and Protected Areas, R, Principal, News, Lease, Oil, Real estate, Credit, Commercial property, Sale, Fort Saskatchewan

CALGARY, Alberta, July 17, 2023 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a waste-to-fuel environmental technology company, is pleased to announce a proposed financing and provide an update on a previously disclosed proposed financing, announce a purchase and sale agreement for its property in Fort Saskatchewan, Alberta, which upon completion will eliminate the Company’s $11 million mortgage loan, and provide an operational update.

Key Points: 
  • The Company will initially receive a principal amount of $2 million, which is anticipated to be completed prior to the end of this week.
  • The Mortgage Loan is subject to the approval of the TSX Venture Exchange (the “Exchange”).
  • In addition, FCF will be entitled to receive a financing fee of 3.5% per advance ($70,000 for the first advance of $2 million).
  • No securities will be issued in connection with the Mortgage Loan and no other fees or commissions will be payable.

Dow publishes 2022 INtersections Progress Report, outlining commitments and actions to create long-term value growth and a more sustainable future

Retrieved on: 
Monday, June 19, 2023
LLP, Fluor, Carbon accounting, Intersection, Partnership, Dow, Protocol, ERG, Sustainability Accounting Standards Board, World Economic Forum, WEF, GHG, Dow Jones Sustainability Indices, Recycling, Carbon, Task Force on Climate Related Financial Disclosures, Job satisfaction, TCFD, WM, Aerial Engineering Corporation Standard 6W-3, NYSE, Task force, Student, Steam, Greenhouse gas, GRI, Achievement Medal, Dow Chemical Company, DOW, Nitrogen, CO2, Renewable energy, Cryptocurrency, Deep Decarbonization Pathways Project, Fort Saskatchewan

"Every day we are becoming a stronger, more competitive and future-ready company that is well-positioned to continue delivering value to our customers, employees, shareholders and communities."

Key Points: 
  • "Every day we are becoming a stronger, more competitive and future-ready company that is well-positioned to continue delivering value to our customers, employees, shareholders and communities."
  • Key highlights from the report, which is based on full-year 2022 data, include:
    Advancing Dow's strategy to Decarbonize and Grow, while achieving carbon neutrality by 2050.
  • The 2022 INtersections Progress Report includes disclosures prepared in accordance with the Global Reporting Initiative (GRI) Standards and the Greenhouse Gas (GHG) Protocol.
  • To learn more about Dow's industry-leading contributions toward a better, more sustainable and equitable future, please read our comprehensive 2022 Progress Report here .

Pembina Pipeline Announces Agreement with Marubeni Corporation to Develop a Low Carbon Ammonia Project and Outlines Vision for Pembina Low Carbon Complex

Retrieved on: 
Tuesday, May 30, 2023
Commercial Building & Real Estate, Manufacturing, Construction & Property, Other Transport, Transport, Oil, Gas, Alternative Energy, Environment, Energy, Engineering, Sustainability, Carbon, Area studies, MOA, Alberta's Industrial Heartland, Senior, PLCC, Front-end loading, Pembina Pipeline, Hydrogen, Marubeni, Marketing, PPL, Corporate development, Methanol, Multimedia, Ammonia, Movement, NYSE, Risk, Investment, Water, Natural gas, TC Energy, Project, TSX, Growth, PBA, Facility, CO2, CCUS, Western Canada, Fort Saskatchewan

Pembina and Marubeni will utilize their complementary strengths to develop and execute the Project.

Key Points: 
  • Pembina and Marubeni will utilize their complementary strengths to develop and execute the Project.
  • The Project would potentially serve as an anchor development to advance Pembina's ongoing efforts to establish a new growth platform known as the Pembina Low Carbon Complex ("PLCC").
  • Tenants are contemplated to capture CO2 and direct those emissions to Pembina in support of the proposed Alberta Carbon Grid.
  • Commercial discussions are progressing with various potential tenants and strategic partners and Pembina looks forward to providing future updates.

Stonepeak Completes Acquisition of Interest in KAPS

Retrieved on: 
Wednesday, April 26, 2023
Energy, Professional Services, Oil, Gas, Finance, TSX, Coal, Transport, Atlas, Senior, Keyera, Natural gas, Western Canada, KAPS, Fort Saskatchewan

Keyera Corp. (TSX: KEY) will continue to own the remaining 50 percent of KAPS and operate the asset.

Key Points: 
  • Keyera Corp. (TSX: KEY) will continue to own the remaining 50 percent of KAPS and operate the asset.
  • The system also has the ability to expand to include additional pump stations in a cost-effective manner should the basin require additional capacity.
  • KAPS’ infrastructure is well-positioned to support decarbonization and global energy security goals by supporting the ongoing global displacement of coal by natural gas.
  • This is part and parcel of our approach to investing in the energy sector at Stonepeak.”

Dow selects Linde as clean hydrogen and nitrogen partner for its proposed net-zero carbon emissions ethylene and derivatives complex in Canada

Retrieved on: 
Tuesday, April 25, 2023
Climate, Partnership, Hydrogen, LIN, Tax, Carbon, Linde plc, Engineering, DOW, Depreciation, Growth, Nitrogen, NYSE, Oil, Industrial gas, Dow, Linde, EBITDA, Fort Saskatchewan

MIDLAND, Mich., April 25, 2023 /PRNewswire/ -- Dow (NYSE: DOW) announced today it has selected Linde (NYSE: LIN) as its industrial gas partner for the supply of clean hydrogen and nitrogen for its proposed net-zero carbon emissions1 integrated ethylene cracker and derivatives site in Fort Saskatchewan, Alberta, Canada.

Key Points: 
  • MIDLAND, Mich., April 25, 2023 /PRNewswire/ -- Dow (NYSE: DOW) announced today it has selected Linde (NYSE: LIN) as its industrial gas partner for the supply of clean hydrogen and nitrogen for its proposed net-zero carbon emissions1 integrated ethylene cracker and derivatives site in Fort Saskatchewan, Alberta, Canada.
  • Final investment decisions for both the Dow and Linde projects are subject to approval by both companies' respective Board of Directors and various regulatory agencies.
  • Final investment decisions are expected in fourth quarter this year for a potential startup of phase 1 in 2027.
  • Under the parties' framework agreement, Linde will complete the design and engineering for a Linde-owned and operated world-scale air separation and autothermal reformer complex.