Business
Pembina Highlights Growing Momentum with Business Update and Extensive Opportunity Portfolio
Pembina Highlights Growing Momentum with Business Update and Extensive Opportunity Portfo...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n \n \n \n Pembina Highlights Growing Momentum with Business Update and Extensive Opportunity Portfolio\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n All financial figures are approximate and presented in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization (\"adjusted EBITDA\"), which is a financial measure that is not defined by Generally Accepted Accounting Principles (\"GAAP\"). For more information, see \"Non-GAAP Measures\" herein.\n \n \n \n \n CALGARY, AB\n \n ,\n \n June 14, 2021\n \n /CNW/ - Pembina Pipeline Corporation (\"Pembina\" or the \"Company\") (TSX: PPL) (NYSE: PBA) today announced a mid-year business update, including delineation of its extensive runway of development opportunities, which collectively highlight the Company's strong momentum as it builds one of the largest and most integrated midstream energy companies in\n \n North America\n \n .\n \n \n \n Highlights\n \n \n \n \n Volumes across the Pipelines and Facilities divisions have continued to grow steadily in 2021, exceeding pre-COVID levels\n \n \n Over\n \n $400 million\n \n of assets placed into service so far in 2021, including Prince Rupert Terminal (\"PRT\"), a northeast\n \n British Columbia\n \n (\"NEBC\") terminal and the expansion of the Vancouver Wharves terminal (the \"Vancouver Wharves Expansion\"), with another approximately\n \n $1 billion\n \n currently under construction\n \n \n Reactivation of the Phase IX Peace Pipeline Expansion (\"Phase IX\")\n \n \n Over\n \n $7 billion\n \n of accretive projects identified and in various stages of development to be pursued by Pembina alone, or upon combination with Inter Pipeline Ltd. (\"Inter Pipeline\")\n \n \n Formation of Chinook Pathways Partnership to support Western Indigenous Pipeline Group to pursue ownership of Trans Mountain Pipeline\n \n \n Partnership with the Haisla Nation in the development of Cedar LNG\n \n \n \n \n Executive Commentary\n \n \n \n \n Mick Dilger\n \n , Pembina's P...