Robert Hope's questions to Pembina Pipeline Corp (PBA) leadership • Q2 2025
Question
Rob Hope of Scotiabank asked for clarification on the 'mutually binding' ethane supply agreement with Dow, questioning how discussions have changed given Dow's project delay and if the agreement's timing is independent of the cracker's in-service date.
Answer
SVP & CFO Cameron Goldade affirmed that they work closely with Dow and noted significant activity is still ongoing at the construction site. He reiterated the nature of the contract, stating it is a 'mutually binding supply agreement' for Pembina to sell and Dow to buy 50,000 barrels per day of ethane, describing the terms as 'pretty clear.'