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Old 11-05-2017, 08:27 PM
79ford 79ford is online now
 
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Default 22 000 barrels/day propane=4.2 billion plant?

https://www.reuters.com/article/us-k...-idUSKBN1D409K

This is pretty neat, 22 000 barrels per day of propane turned into plastic can support 4.2 billion dollar processing facility and the billions it will need in wages and maintenance over its life span.

This is a pretty big win for potential processing in alberta, lots of the propane floating around these days too so they will probably make some money using something they burn up the stack in some plants the price is so low these days
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Old 11-05-2017, 09:15 PM
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silverdoctor silverdoctor is offline
 
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Building a cracker in Alberta, pretty cool. No mention of where?
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Old 11-06-2017, 05:48 AM
ROA ROA is online now
 
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Quote:
Originally Posted by 79ford View Post
https://www.reuters.com/article/us-k...-idUSKBN1D409K

This is pretty neat, 22 000 barrels per day of propane turned into plastic can support 4.2 billion dollar processing facility and the billions it will need in wages and maintenance over its life span.

This is a pretty big win for potential processing in alberta, lots of the propane floating around these days too so they will probably make some money using something they burn up the stack in some plants the price is so low these days

No body's "burning propane up the stack" on purpose period end of story. Number one you are not allowed. Number two propane is worth money.
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Old 11-06-2017, 05:57 AM
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Sundancefisher Sundancefisher is offline
 
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No body's "burning propane up the stack" on purpose period end of story. Number one you are not allowed. Number two propane is worth money.
Agreed. False point however good to have any plant. NIMBY will likely kill it. Or regulations. Hope the start soon.

Propane is never burnt. While sometimes not stripped out at a shallow or deep cut plant the gas can be sent in the pipeline hot and with higher btu can get a bump in price paid.
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Old 11-06-2017, 06:06 AM
regl regl is offline
 
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Building a cracker in Alberta, pretty cool. No mention of where?
Near Redwater
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Old 11-06-2017, 06:06 AM
79ford 79ford is online now
 
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No body's "burning propane up the stack" on purpose period end of story. Number one you are not allowed. Number two propane is worth money.
Stack, meaning fuel gas vs sales, not flare stack.



It is supposedly next to pembinas redwater fractionator, interpipeline is building another propylene facility just south of shell, the earthworks looks weell underway but i dont think they are full heartedly committed, they need to spend some 3.7 billion and that probably means borrowing money or issuing shares alooooot of shares.
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Old 11-06-2017, 10:03 AM
mac1983 mac1983 is offline
 
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How will this affect the local residential price for propane? Once we start exporting it and processing it will it still be affordable to burn as a heating fuel?
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Old 11-06-2017, 12:14 PM
makin tracks makin tracks is offline
 
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like anything else it will be going up as there will now be more of a demand. sorry that is just how it goes.
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Old 11-06-2017, 08:06 PM
79ford 79ford is online now
 
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Originally Posted by mac1983 View Post
How will this affect the local residential price for propane? Once we start exporting it and processing it will it still be affordable to burn as a heating fuel?
22 000 barrels of propane isnt much from what I understand, alberta produces hundreds of thousands of barrels of propane, butane, pentane etc. Everyday. Thats why i find it soo amazing 22 000 barrels can feed such a beast of a plant. 4.2 billion is usually greek for 8-10 billion total cost in alberta, lol

Once you make propylene or polypropylene you need to rail the stuff, store it, some companies will probably make plastic widgets with it..... its an industry the size of the ethane industry, look how big those operations have gotten. Nova chemicals, dow chemical, all the feeder plants.
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Old 11-06-2017, 08:19 PM
mac1983 mac1983 is offline
 
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Quote:
Originally Posted by 79ford View Post
22 000 barrels of propane isnt much from what I understand, alberta produces hundreds of thousands of barrels of propane, butane, pentane etc. Everyday. Thats why i find it soo amazing 22 000 barrels can feed such a beast of a plant. 4.2 billion is usually greek for 8-10 billion total cost in alberta, lol

Once you make propylene or polypropylene you need to rail the stuff, store it, some companies will probably make plastic widgets with it..... its an industry the size of the ethane industry, look how big those operations have gotten. Nova chemicals, dow chemical, all the feeder plants.
https://www.aer.ca/data-and-publicat...-supply-demand

seems like alot of propane coming online...
Still if they can make more money off of propane residential customers they will.
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Old 11-10-2017, 08:40 PM
79ford 79ford is online now
 
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Some one must have a lock on propane sales for domestic use, i see 89 cents a liter down the street. Surprising some one isnt out selling cheap propane to beat the regular dealers. I think propane is worth some 15$ or so per barrel which is essentially free considering how much propane that is
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Old 11-10-2017, 10:13 PM
mac1983 mac1983 is offline
 
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i paid 0.57/liter Oct. 13
so 1Bbl = 159 l
159x0.57=$90.63/Bbl in grande prairie.
Correct my math if i'm wrong but there seems to be money in propane.
That price is delivered to my farm.
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  #13  
Old 11-10-2017, 10:28 PM
Alex1272001 Alex1272001 is offline
 
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sure nice to read about another plant being constructed in the province. Thats going to provide both temporary construction and full time operation/maintenance jobs is always a good thing. I just struggle with the fact that we have to rely on foreign ownership to develop our own resources.
don't want to stir the pot just my opinion
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