- Pembina Pipeline (NYSE:PBA +0.6%) announces an $85M expansion of its Vantage oil pipeline system connecting the Bakken Shale in North Dakota with the petrochemical market in Alberta, increasing its current capacity by 70% to 68K bbl/day once the project is complete early next year.
- The 80-km expansion will include the addition of mainline pump stations as well as the construction of a new eight-inch gathering lateral.
- PBA says the added capacity and volumes from its Saskatchewan ethane extraction plant will boost yearly EBITDA by $75M-$110M/year.