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People & Business :: Energy and Feedstocks

IPF to continue supplying ethane to Nova's Joffre site until the end of 2024

3:29 AM MDT | April 17, 2013 | Francinia Protti-Alvarez

Inter Pipeline Fund (IPF; Calgary, AB) has entered into a binding agreement with Nova Chemicals covering the long-term sale of ethane produced at IPF's Cochrane, AB, extraction plant, IPF has announced. Nova, under the new agreement, will purchase the majority of ethane volumes from the Cochrane facility. The contract extends until the end of 2024 and will significantly increase cash flow within IPF’s ethane extraction business unit, the company says. "The new contract includes improved pricing and commercial terms when compared to historical ethane...

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