alliances and agreements; the strength and operations of the oil and Confirmation of Record and Payment Date Policy. utilization and future expansion, development, growth and performance performance and financial results in future periods to differ The contract covers the construction of the propane dehydrogenation (PDH) facility inside the company’s integrated PDH and polypropylene (PP) upgrading facility. PP is a high value polymer, which can be cost-effectively transported, using existing third-party infrastructure, throughout North America and to global markets. Pembina's cavern development program at Redwater is a key part of the Northwest Redwater Partnership (NWR) developed a refiner approximately 2.9 kilometers north of the Pembina Redwater Fractionation (RFS) facility. Sign up for our free newsletters and receive twice a week news and intelligence regarding the Aerospace & Defence Industry, meticulously selected by our editorial team. PP is fully recyclable and can be used in a wide range of finished products including automobiles, medical devices, food packaging and home electronic appliances, among others. CALGARY – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today that it has entered into a new $800 million unsecured revolving credit facility. $25 million. Pembina's net investment of $2.5 billion represents a 50 percent interest in CKPC, which will own the PDH and PP plants, and a 100 percent directly-owned interest in the supporting facilities under an agreement between Pembina and CKPC whereby Pembina will own the facilities and provide services under a long-term, take-or-pay arrangement. The heart of every system is the filling head. A recording of the conference call will be available for replay until May 15, 2020 at 11:59 p.m. Pembina has secured in excess of 40 percent of its expected Adjusted EBITDA from this project through a portfolio of long-term, primarily take-or-pay, fee-for-service and other similar commercial arrangements with third parties, having a weighted average tenor of approximately 14 years, with the majority of counterparties being investment grade. Dividends on the preferred shares Series 23 and 25 are payable on the 15th day of February, May, August and November in each year, if, as and when declared by the Board of Directors to shareholders of record on the last business day of the preceding month, or, if such payment or record date is not a business day, the next succeeding business day after the weekend or statutory holiday. HOUSTON (ICIS)--Pembina Pipeline and joint venture partner Petrochemical Industries of Kuwait (PIC) have made the financial investment decision (FID) to build a 550,000 tonne/year integrated propane dehydrogenation (PDH) and polypropylene (PP) facility in Alberta, Canada, the midstream company announced on Monday. With the addition "Currently, RFS III is in the preliminary engineering phase and we have Further, over the next two years, Pembina’s debt maturities are modest and include $73 million in 2020 and $800 million distributed across three instruments throughout 2021. These known and unknown risks and uncertainties, include, but are not limited to: the regulatory environment and decisions; the ability of Pembina or its joint venture partners or customers to raise sufficient capital (or to raise sufficient capital on favourable terms) to fund future expansions and growth projects and satisfy future commitments; failure to negotiate and conclude any required commercial agreements or failure to obtain project sanctioning; increased construction costs, or construction delays, on Pembina's expansion and growth projects; labour and material shortages; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners, alliances and agreements; the strength and operations of the oil and natural gas production industry and related commodity prices; the continuation or completion of third-party projects; actions by governmental or regulatory authorities including changes in tax laws and treatment, changes in royalty rates or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; construction delays; labour and material shortages; and certain other risks detailed from time to time in Pembina's public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Pembina's management's discussion and analysis and annual information form for the year ended December 31, 2017, which can be found at www.sedar.com. None of the forward-looking statements described above are guarantees of Pembina's Natural Gas Liquids Midstream business will have commissioned the second 73,000 bpd fractionator at the Company's Redwater complex ("RFS II") by the end of March. risks and uncertainties, including, but not limited to: the impact of This news release contains certain forward-looking information and statements (collectively, “forward-looking statements”) that are based on Pembina’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. President, NGL Midstream. The pre-development work for RFS III is estimated to cost … an expected on-stream date in mid-to-late 2015. information (collectively, "forward-looking statements") within the This pre-build resulted from the Company's confidence that there would be customer demand for additional fractionation capacity at Redwater. For more information, visit www.pembina.com. Hover over the logos to learn more about the companies who made this project possible. The Snowbell Ampoule Filling and Sealing machine is a user-friendly, reliable and safe solution for all your high-speed filling needs. In this news release, such forward-looking statements can be identified by terminology such as “should”, “may”, “will”, “continue”, “if”, “to be”, “expects”, and similar expressions suggesting future events or future performance.

"forecasts", "plans", "indicates", "potential", "will", "estimate", The Facility will have an initial term of two years.

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With a de-ethanizer tower, capacity at RFS III would reach 73,000 bpd and bring the total capacity at Redwater to 228,000 bpd. New technologies, news, new products, essential guides and more. Following the execution of this contract, the cost certainty for nearly 60% of the project has been finalised. businesses in a safe, environmentally responsible manner that is statements can be identified by terminology such as "expects", (All financial figures are approximate and in Canadian dollars unless otherwise noted. For all the latest industry news, sign up for our regular updates. The purpose of the financial outlook contained herein is to give the reader an indication of the value to Pembina of planned capital projects and ongoing operations. raise capital on favourable terms) to complete future projects and Pembina is a trusted member of the communities in which it operates and PIC CEO Mohammed Abdullatif Al-Farhoud said: “Our investment in CKPC provides PIC an opportunity to build on our existing asset base in Alberta by developing large-scale petrochemical infrastructure with a highly strategic partner in a market with long-term feedstock security and a supportive local government.”. ET). hydrocarbon storage cavern and to advance potential third fractionator. CALGARY, Feb. 4, 2019 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) along with Petrochemical Industries Company K.S.C. Pembina continues to anticipate equity contributions will be funded with cash flow after dividends.

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