Plains Midstream Canada Pursuing Fort Saskatchewan Facility Expansion
August 16 2022 - 4:16PM
Plains Midstream Canada, a subsidiary of Plains All American
(Nasdaq: PAA & PAGP) (“Plains”), announced today it is
exploring the expansion of its Fort Saskatchewan facility with
strategic partners. The expansion would leverage existing
infrastructure and add 50,000 barrels per day of C3+ fractionation
capacity, while maintaining the flexibility to deliver a
propane/butane mix to Plains’ fractionation facility in Sarnia,
Ont.
“With our integrated asset base, we are well positioned to
provide competitive and capital-efficient solutions that align with
customer needs and our long-term strategy,” says Michelle Podavin,
Senior Vice President, NGL Commercial Assets, Plains Midstream
Canada. “Plains is excited to develop this expansion project to
meet the growing needs of our customers for reliable, responsibly
produced energy across North America.”
Forward-looking StatementsThis press release
contains certain forward-looking information that involves certain
risks and uncertainties that could cause actual results or outcomes
to differ materially from results or outcomes anticipated in the
forward-looking statements. These risks and uncertainties are
discussed in PAA's and PAGP's filings with the Securities and
Exchange Commission.
About Plains Plains All American (Nasdaq: PAA)
is a publicly traded master limited partnership that owns and
operates midstream energy infrastructure and provides logistics
services for crude oil and natural gas liquids (NGL). Plains owns
an extensive network of pipeline gathering and transportation
systems, in addition to terminalling, storage, processing,
fractionation, and other infrastructure assets, serving key
producing basins, transportation corridors, and major market hubs
and export outlets in the United States and Canada. On average,
Plains handles more than seven million barrels per day of crude oil
and NGL.
Plains GP Holdings (Nasdaq: PAGP) is a publicly traded entity
that owns an indirect, non-economic controlling general partner
interest in Plains and an indirect limited partner interest in
Plains, one of the largest energy infrastructure and logistics
companies in North America.
Plains All American and Plains GP Holdings are headquartered in
Houston, Texas, and its Canadian operations are managed by Plains
Midstream Canada, which is based in Calgary, Alberta. For more
information, please visit www.plains.com.
For more information:
Commercial Brad KroekerManaging Director, NGL
Assets(403) 450-1242 |
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Media Leanna JosueSr. Manager, Communications(866)
754-7422 |
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