In the contact information, the phone number for Lorraine Royer should read 403-613-3222 (sted 406-613-3222).
The corrected release reads:
WILLIAMS TO BUILD AND OPERATE PDH FACILITY IN ALBERTA, CANADA, TO PRODUCE POLYMER-GRADE PROPYLENE FROM PROPANE
- New Propane Dehydrogenation Facility Will Convert Alberta Propane Into Higher-Value Propylene
- Uses Propane Feedstock Primarily from Williams’ Expanding Canadian Upgrader Offgas Processing Operations as well as Expected Abundant and Low-Cost Alberta Propane
- Adds to Williams’ Expanding Canadian Propylene Supply; Expect to Expand Distribution and Sales to U.S. Gulf Coast Markets as well as Explore Development of New Alberta Markets
- Builds on Williams’ Unique Business in Canada, Creates Natural Hedge for Williams’ Propane Position
- Company Cites Environmental Advantages in Selected Processing Technology
Williams (NYSE:WMB) announced today that it has sanctioned construction of a propane dehydrogenation (PDH) facility in Alberta, Canada. The new PDH facility, the first and only in Canada, will allow Williams to significantly increase production of polymer-grade propylene from its Canadian operations. Williams is the only company in Canada currently producing polymer-grade propylene, a valuable petrochemical feedstock used in plastics manufacturing.Williams’ PDH facility in Canada will have the capability to initially produce up to approximately 1.1 billion pounds (500 kilotonnes) annually of polymer-grade propylene, with the opportunity to double capacity with a future expansion. The company estimates capital expenditures of up to $900 million CAD to be funded with expected cash flow from its Canadian operation and international cash on hand. Pending appropriate permitting approvals, the PDH facility is scheduled to go into service in the second quarter of 2016. Williams has selected Honeywell’s UOP as the vendor to provide the UOP Oleflex™ process technology for the dehydrogenation process. The technology is environmentally superior because it uses a platinum-based catalyst system, as well as less energy and water than competing PDH technologies. Williams' PDH facility will be sited in close proximity to its existing Redwater fractionation plant near Edmonton, Alberta.