Pembina Pipeline Corp is a Canadian energy transportation and midstream service provider. The company was founded in 1997 and is headquartered in Calgary, Alberta. Pembina operates an extensive network of pipelines, storage facilities, and processing plants that transport and process various hydrocarbon products, including natural gas liquids (NGLs), crude oil, and natural gas. Pembina is listed on the Toronto Stock Exchange under the ticker symbol "PPL" and also trades on the New York Stock Exchange under the ticker symbol "PBA."
Pembina's primary business segments include Pipelines, Facilities, Marketing & New Ventures, and Corporate. The Pipelines segment operates a vast network of pipelines that transport hydrocarbon products across Western Canada and the United States. The Facilities segment includes storage, processing, and fractionation facilities that handle NGLs and other related products. The Marketing & New Ventures segment focuses on marketing, supply, and optimization of energy products. The Corporate segment provides administrative and support services to the other business segments.
Pembina's Peace Pipeline System, transports crude oil and condensate from various production areas in Alberta and British Columbia to refining and marketing hubs in the United States. This pipeline system plays a crucial role in ensuring the efficient transportation of oil and gas resources from the Western Canadian Sedimentary Basin to key markets.
In recent years, Pembina has demonstrated a commitment to growth and expansion through strategic acquisitions and capital investment projects. The company has completed several significant acquisitions, allowing it to expand its pipeline network and increase its capacity to meet the growing demand for energy transportation services.
Pembina has also focused on diversifying its business and expanding into new markets. For example, the company has invested in renewable energy projects, including wind and solar power, to support the transition to a low-carbon future.