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BRIEF-Pembina Pipeline Corp and Petrochemical Industries Co of Kuwait establish JV

May 15 Pembina Pipeline Corp

* Pembina pipeline corporation and petrochemical industries co. Of kuwait establish joint venture and proceed with front end engineering design for proposed 1.2 billion pound per year integrated polypropylene facility

* Pembina pipeline corp - proposed pdh/pp facility is expected to consume 22,000 barrels per day of alberta-produced propane

* Pembina pipeline corp - preliminary capital cost estimate of project is $3.8 - $4.2 billion (gross)

* Pembina pipeline - project anticipated to produce over 1.2 billion pounds/year of polypropylene, to be transported to north american and global markets

* Pembina pipeline-co, pic executed 50/50 jv agreements including terms in support of project & formed a new entity, canada kuwait petrochemical corp

* Pembina pipeline - jv expects to construct pdh/pp facility in close proximity to rfs in sturgeon county, part of alberta's industrial heartland Source text for Eikon: Further company coverage:

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