Inter Pipeline is approaching the halfway mark on the capital spend for Canada’s first integrated propane dehydrogenation and polypropylene project.
The company said it invested $287.1 million on the Heartland Petrochemical Complex during the second quarter, bringing total capital spent to approximately $1.6 billion.
That’s just over 45 percent of the project’s $3.5-billion estimated capital cost.
Inter Pipeline has also “de-risked” approximately 55 percent of the total cost under completed time and materials work, firm purchase orders and lump sum construction contracts, CEO Christian Bayle said on Friday. He expects that to reach 60 percent by the end of the year.
Inter Pipeline says construction is now running 24 hours a day with workforce of more than 1,200 on site daily; all heavy-lift vessels for the propane dehydrogenation facility are now in place; and activities continue to progress according to cost and schedule targets.
The facility in Strathcona County has been under construction since December 2017. It is expected to start producing polypropylene pellets for use in a variety of plastics in late 2021.
For reference, here’s what the site looked like in July 2018:
And here’s what it looked like in July 2019:
All images courtesy of Inter Pipeline Ltd.