Pembina plans $125M Horizon pipeline expansion

|About: Pembina Pipeline Corp. (PBA)|By:, SA News Editor

Pembina Pipeline (NYSE:PBA) says it plans to expand its existing Horizon Pipeline in Canada with an investment of ~$125M to reach a capacity of up to 250K bbl/day.

PBA says the Horizon expansion will be achieved mostly through the upgrading of mainline pump stations and other facility modifications; the expansion is expected to be in service by mid-2016.

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