Opportunity awaits over $40 billion in current investment Ana competitiveIHS Analysis advantage identified inproducts Alberta’s that industrial can be developed Heartland at and billions more in future potential

North American AECO vs Ethylene Cash Cost Propane Pricing Henry Hub pricing olefin basis (50/50 ethylene/propylene) MARKET ACCESS 150 $5 1200 1000 Prosperous $4 800 100 $3 investments 600

USD CPG $2

US $/MMBtu 400 50 us dollar per Over $40 billion is invested in $1 200 Alberta’s Industrial Heartland. 0 $0 0 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 canada western Average china CTOnortheast naphthasoutheast china mto u.s. ethane u.s. weighted west europe mb Edmonton mt. belview edmonton HH-AECO  henry hub  AECO  asia naphtha Asia naphtha    2015  2017  2019  SAR__ @ $1.75/MMbtu 40+ global companies alberta offers the lowest cost north American propane feedstock costWestern advantage canada natural offers gasabundant feedstock and albertaethylene offers production the lowest in north cash America cost for producing petrochemicals, fuel, fertilizer, and power. SOURCE: GOOBIE TULK INC. SOURCE: GOOBIE TULK INC.

Investments with a competitive advantage C3 Chain Ammonia,C1 Chain Uea, Polyethylene,C2 Chain Polypropylene, Methanol Ethylene Glycol, Propylene Glycol, Attractive Ethylene Oxide Propylene Oxide opportunities Cost advantaged feedstock is PROJECT STATUS available from globally significant Several key industrial projects have recently been completed, are underway or are in the planning stage. oil and gas reserves. World class opportunities INTER PIPELINE UNDER CONSTRUCTION Inter Pipeline announced a positive Final Investment Decision in 2018 and is in refining, petrochemicals, Heartland Petrochemical Expected Completion now under construction of their Heartland Petrochemical Complex, a world-scale and manufacturing. Complex 2021 integrated propane dehydrogenation (PDH) and polypropylene (PP) plant. CKPC NEW The proposed integrated propylene and polypropylene production facility is a project Propylene & Polypropylene FID Expected 2019 being developed by Canada Kuwait Petrochemical Corporation (“CKPC”), a joint Production Facility venture between Pembina and Petrochemical Industries Company K.S.C. (“PIC”). Investor northwest redwater partnership phASE 1 Project construction is complete and diesel began flowing from the Sturgeon Alberta’s Industrial support Sturgeon Refinery Complete 2018 Refinery in December 2017. Full start-up and operations expected late 2018. CONTACT US Heartland Association WOLF MIDSTREAM & This pipeline will capture CO2 from Heartland facilities and transport it to central and Alberta’s industrial heartland association Suite 300, 9940 99 Avenue A non-profit organization, ENHANCE ENERGY UNDER CONSTRUCTION southern Alberta for secure storage and enhanced oil recovery projects. Initial C02 helps investors explore market opportunities and Fort Saskatchewan, Alberta Alberta’s Industrial Heartland Alberta Carbon Trunk Line flow rates are expected to begin in the fourth quarter of 2019. Association provides investor navigate the investment process Canada T8L 4G8 assistance with site selection, pembina PIPELINE COMPLETE Construction commenced on this large-scale condensate and diluent terminal in Canadian Diluent Hub 2017 market opportunities, May 2016 and completed in 2017. [email protected] government relations, +1 780-998-7453 / +1 888-414-0032 and more. plains midstream COMPLETE This multi-phase project expands fractionation and storage capacity, and adds rail NGL Fractionation Expansion 2017 and truck loading. ftindustrialheartland.com transcanada COMPLETE Grand Rapids Pipeline 2017 Construction continued through 2016 for this 460 km dual pipeline system. transcanada COMPLETE TC Terminal 2017 Construction began in 2014 for this 1.9 million barrel storage facility. Key attributes Canada’s largest hydrocarbon Logistics and processing region Market Connections

• Petrochemical production (Ethylene, Polyethylene, Glycol, • Centre for pipeline terminals for natural gas, NGLs, Styrene, Fertilizers, Propylene, Iso-Octane, MEG and more) oil, bitumen, diluent, and refined products • Fractionation capacity (485 Mbpd) • Salt formations underlie the region allowing for • Petroleum refining (450-500 Mbpd expanding to 600 Mbpd) natural gas and NGL storage • Bitumen upgrading (255 Mbpd) • Home to both Canadian National and Canadian Pacific railroads • Ready access to price advantaged hydrocarbon and • Direct access to major North American markets and ports petrochemical feedstock provides connections to work markets Major Manufacturing Centre Government Supported

• Established centre for supply, service and • Stable, democratic and business friendly political system manufacturing for Canada’s oil and gas sector • Carbon capture and storage projects backed by • Oil and gas logistics and processing $2B Government of Alberta program • Approximately $1.5 billion in annual expenditures • Government incentive programs aimed at growth (excluding feedstocks) in downstream sector • Favorable tax structure (low corporate tax; Local Expertise no sales or payroll taxes) • Region is home to more than 1.3 million people • Educated and skilled labour, technical and professional expertise