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TransCanada (TRP) and Phoenix Energy Holdings form a JV to develop the Grand Rapids Pipeline...

  • Monday, October 29, 2012, 8:28 AM ET
    TransCanada (TRP) and Phoenix Energy Holdings form a JV to develop the Grand Rapids Pipeline system in Alberta, with each owning 50% of the proposed $3B project which will have the capacity to move up to 900K bbl/day of crude oil and 330K bbl/day of diluent. The system is expected to be in-service by early 2017.
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    This new pipeline runs entirely on Canadian territory and is therefore protected from interference by US authorities.
    29 Oct 2012, 08:41 AM Reply Like
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