Operis was pleased to perform a formal model audit and review of the accounting methodology of the financial model prepared by RBC Capital Markets in support of the development of Canada Kuwait Petrochemical Limited Partnership’s project (“CKPC” or the “Project”).
The Project involves the construction and operation of a C$4.9 billion petrochemical plant in Alberta, Canada, which will have the capacity to produce 550,000 tonnes/year of polypropylene.
CKPC is a 50/50 joint venture between Kuwait’s Petrochemical Industries Company and Pembina Pipeline Corporation.
Jun Tao, Associate Director at Operis based in Toronto, says “It is tremendous to be involved in this landmark transaction, which is an historic partnership between Canada and Kuwait. We are pleased to have supported CKPC in its due diligence and we wish them the best for a successful venture”.
