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or Name
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Inter Pipeline Ltd
Symbol IPL
Shares Issued 383,161,288
Close 2018-04-23 C$ 24.14
Market Cap C$ 9,249,513,492
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Inter Pipeline licenses Unipol PP technology from Grace

2018-04-24 09:34 ET - News Release

Mr. Al Beninati of W.R. Grace reports

GRACE LICENSES UNIPOL PP PROCESS TECHNOLOGY TO INTER PIPELINE

W.R. Grace & Co. has licensed its Unipol PP (polypropylene) process technology to Inter Pipeline Ltd. for its Heartland petrochemical complex located in Alberta, Canada. The new, world-scale-capacity Unipol PP facility, utilizing 525 kilotonnes of propylene feedstock per year, is expected to enter into service in late 2021.

Inter Pipeline is a major petroleum transportation, natural gas liquids processing and bulk liquid storage business based in Calgary, Alta., Canada. Inter Pipeline owns and operates energy infrastructure assets in Western Canada and Europe.

Grace's all-gas-phase Unipol PP process technology provides the most advanced and broadest range of homopolymers, random co-polymers and impact co-polymers in the industry. As the simplest of all PP process technologies, without any moving parts inside of the reactor and less equipment than any alternative, its reliable, safe and stable operation leads to lower capital, operating and maintenance costs.

Al Beninati, president of Grace's specialty catalysts division, said: "Grace is excited to partner with Inter Pipeline as they are strongly committed to delivering value to their customers. Combined with our non-phthalate Consista catalysts, the Unipol PP process technology will help the Heartland petrochemical complex operate at very high levels of productivity and product quality."

David Chappell, senior vice-president of petrochemical development at Inter Pipeline, said: "Our customers expect state-of-the-art solutions from Inter Pipeline. This process technology gives us tremendous flexibility to quickly and cost-effectively meet their requirements."

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