Midstream - Storage
Pembina Inks Redwater Storage, Fractionation Deal with NOVA
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Pembina Pipeline Corporation has entered into long-term cost-of-service agreements with NOVA Chemicals Corporation for the use of an underground storage cavern currently in development at Pembina's Redwater fractionation and storage site, along with associated infrastructure.
In addition, Pembina plans to spend approximately $25 million to upsize certain facilities associated with its second fractionator (RFS II) to accommodate the future development of a third fractionator (RFS III) at Redwater.
Long-term Storage AgreementsBob Lock , Pembina's Vice President, NGL Midstream, commented: "We are excited to continue our relationship with NOVA by providing them with additional storage solutions. These arrangements represent another example of the Company's ability to leverage our land and…
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