What is Inter Pipeline?
Based in Alberta, Canada, Inter Pipeline is an energy infrastructure firm, transporting, storing and extracting fuels. It is one of the industry's leading firms in North America, although it has only been around for 20 years.
Where have you heard about Inter Pipeline?
The company was made public within a year of its 1997 launch as KPC.UN (Koch Industries). More recently – under IPL:Toronto – it has been regularly reported by trade news sources because of its steady decline in share value since September 2014.
What you need to know about Inter Pipeline.
The company's pipeline spans more than 7.700 kilometres in length, according to its website, and it transports around 1.3 million barrels of petroleum each day. In Europe alone, the firm has the capacity to store 27 million barrels combined across its 16 locations.
Over the last decade, Inter Pipeline has been involved in several high-profile acquisitions, worth hundred of millions of Canadian dollars, including the .CAN$1.35bn purchase of Williams Companies Inc's natural gas liquids midstream businessin 2016.