¬Inter Pipeline Ltd is an energy infrastructure company that operates in Western Canada and Europe. It deals in the storage, gathering, production and processing of natural gas, crude oil, natural gas liquids, and various petrochemical products.
The energy company owns diversified assets, including NGL pipelines, inter-terminals, off-gas extraction plants and oil sands pipelines.
The Calgary-based company became a publicly traded entity on November 27, 1997.
Inter Pipeline operates through four distinct segments:
• New Ventures
It comprises conventional oil pipelines, liquid storage terminals and oil sands. The company operates six pipeline systems that transport petroleum products from production facilities in Saskatchewan and Alberta to Edmonton and Hardisty. The oil sands infrastructure includes Corridor, Cold Lake and Polaris systems. At the same time, the conventional pipelines are focused on three systems, including Mid-Saskatchewan systems, Central Alberta and Bow River.
Through Inter Terminals Nordics division, the energy company operates bulk liquid storage terminals in Sweden and Denmark. The segment provides break bulk, build bulk, and custom blending services for chemical, oil and biofuel products.
The division sells commodity-based products to marketing segment on fixed service fees. The company processes NGL and offgas fractionation through a gas processing plant at Cochrane. Other infrastructure assets include two offgas plants near Fort McMurray, a fractionation plant near Redwater and the Boreal pipeline system, all located in Alberta. The straddle plant extracts and fractionates natural gas liquids into propane-plus and ethane.
Inter Pipeline Ltd operates a centralized marketing segment that also manages its commodity risk management activities. The unit manages the logistics and sale of products, which are not produced under fee-based or cost-of-service contracts. In addition, it focuses on facility optimization opportunities.
The fourth segment focuses on such investment that provides new growth platforms or complements existing operations, the company claims. The segment is presently developing the Heartland Petrochemical Complex. It is an integrated complex that will comprise a polypropylene plant (PP), a co-generation central utilities block and a propane dehydrogenation plant (PDH). It is being developed near the Redwater Olefinic Fractionator at Strathcona County. The company claims that this facility would be North America's first integrated PP and PDH complex.