Pembina Pipeline Announces Agreement With Marubeni Corporation To Develop A Low Carbon Ammonia Project And Outlines Vision For Pembina Low Carbon Complex
Portfolio Pulse from Happy Mohamed
Pembina Pipeline Corporation (NYSE:PBA) has signed a Memorandum of Agreement with Marubeni Corporation to develop a low-carbon ammonia supply chain from Western Canada to Japan and other Asian markets. The project includes the joint development of a low-carbon hydrogen and ammonia production facility in Alberta, Canada.
May 30, 2023 | 12:12 pm
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Pembina Pipeline Corporation partners with Marubeni Corporation to develop a low-carbon ammonia supply chain, potentially boosting its position in the low-carbon energy market.
The partnership with Marubeni Corporation will allow Pembina Pipeline to develop a low-carbon ammonia supply chain, which is expected to see growing demand in Japan and other Asian markets. This project aligns with Pembina's strategic priorities and supports global decarbonization efforts. The partnership is likely to have a positive short-term impact on PBA's stock price as it positions the company for growth in the low-carbon energy market.
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