Heartland Petrochemical Complex

The $4.3−billion Heartland Petrochemical Complex, which has been under construction northeast of Edmonton since 2018, has produced its first plastic pellets.

Shares in Inter Pipeline Ltd. fell by as much as 4.3 per cent on Monday, August 12, 2019, morning after soaring late last week on news that it had rejected an unsolicited takeover from an unnamed bidder.

Oilsands transport company Inter Pipeline Ltd. is reporting record second-quarter net income of $260 million or 63 cents per share, nearly double the $136 million or 35 cents it declared in the same period of 2018.