Pembina Pipeline Announces Agreement with Marubeni Corporation to Develop a Low Carbon Ammonia Project and Outlines Vision for Pembina Low Carbon Complex

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May 30, 2023

Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) is pleased to announce today the signing of a Memorandum of Agreement ("MOA") with Marubeni Corporation ("Marubeni"), to progress an end-to-end, low-carbon ammonia supply chain from Western Canada to Japan and other Asian markets (the "Project"). The Project includes the joint development of a world-scale, low-carbon hydrogen and ammonia production facility (the "Facility") to be sited on Pembina-owned lands adjacent to its Redwater Complex in the Alberta Industrial Heartland near Fort Saskatchewan, Alberta.