Created in 1997, Inter Pipeline Fund is a major petroleum transportation, storage and natural gas liquids extraction business based in Calgary, Alberta, Canada. Inter Pipeline is a publicly traded limited partnership that owns and operates a diversified combination of energy infrastructure assets in western Canada, the United Kingdom, Germany and Ireland. This asset portfolio generates long-term and predictable cash flows, thereby providing unitholders with a growing and stable source of monthly cash distributions.
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Inter Pipeline operates approximately 5,900 kilometres of petroleum pipelines and 3.6 million barrels of storage in western Canada. These systems transport approximately 822,000 barrels per day of oil sands bitumen, conventional crude oil and gas plant condensate, representing approximately 18% of total western Canadian conventional volumes and approximately 40% of oil sands volumes.
In addition, Inter Pipeline is one of North America's largest natural gas liquids extraction businesses with ownership in three major extraction facilities located in southern Alberta. These facilities have the capacity to process 6.2 bcf/d of natural gas, producing up to 195,000 b/d of natural gas liquids. Inter Pipeline's NGL business currently processes approximately 40% of the natural gas exported from the province of Alberta.
Inter Pipeline's wholly owned international subsidiary, Simon Storage Limited (Simon), is a recognized leader in the bulk liquid storage sector. Simon handles, blends and stores over 250 different products primarily comprised of petroleum, petrochemical and alternative fuels. Simon owns and operates eight bulk liquid storage terminals located on the coasts of the United Kingdom, Germany and Ireland with a combined liquid storage capacity of approximately eight million barrels. Other complementary services include facilities management, bulk liquid trucking and engineering services to several of the world's largest integrated energy companies.
Inter Pipeline's Class A units trade on the Toronto Stock Exchange under the symbol IPL.UN.
