Pembina Pipeline is a Canadian corporation that operates transportation and storage infrastructure delivering oil and natural gas to and from parts of Western Canada.

Pembina Pipeline Corporation became an income fund (trust) in 1997 joining the Toronto Stock Exchange with an IPO of $600 million.

In 1991, the company made its first acquisition of Peace Pipe Line Ltd., and five years later it bought half of the Bonnie Glen System - a 250 km long network serving oil fields in central Alberta.

[citation needed] After the takeover, Pembina's network in Western Canada was 7000 km long and transported nearly 550,000 b/d of oil and natural gas.

[8] On June 2, 2009 Pembina acquired the Cutbank Complex from a Talisman Energy subsidiary for $300 million in cash (provided by a credit facility).