Pembina Pipeline is a Canadian corporation that operates transportation and storage infrastructure delivering oil and natural gas to and from parts of Western Canada since 2003.
There is also a natural gas processing business that takes place at the Cutbank Complex.
Western Canada is the source of all the product transported by its systems (which include the Syncrude, Horizon and Cheecham oilsands pipelines). Some of the pipelines and facilities have short term contracts with oil producers while others are long term.
For 37 years until 1997 when it went public and established itself as a trust, Pembina was a regular privately owned business. On October 1, 2010 it converted to a corporation from a trust, changing its official name from Pembina Pipeline Income Fund to Pembina Pipeline Corporation. As of 2016 the company had more than 1260 employees up from 427 in 2010. The company’s total assets nearly doubled in 2017.
Traded as: TSX: PPL; NYSE: PBA; S&P/TSX 60 component
Industry: Petroleum industry; Pipeline transport Storage
Founded: September 24, 1954
Headquarters: Calgary, Canada
Products: Ethylene and Oil Storage; Natural gas
Divisions
- Pembina Marketing Ltd
- Syncrude pipeline
- Horizon Pipeline
Website: www.pembina.com