Inter Pipeline Fund

Inter Pipeline's origins go back to 1997 to Koch Industries a refiner out of which sprang two pipelines one of which formed Koch Pipelines Canada, a conventional oil pipeline transportation company that Inter Pipeline directly traces its roots to. Within the next year it went public on the Toronto Stock Exchange listing under the symbol KPC.UN.

In 2000 it purchased a 15% interest in the Cold Lake pipeline system which it later increased to a controlling stake through a deal with Encana.

In early 2003 it purchased a 70% interest in the Cold Lake Pipeline system from Encana for $425 million giving it access to transportation hubs in major cities like Edmonton.

In 2004 it paid Williams Companies US$540 million for 3 of Canada's biggest natural gas treatment plants (which processed a combined 3.9 billion ft3 per day). That move gave it direct access to gas supplies from the Mackenzie Delta.

In 2005 Inter Pipeline entered the European bulk liquid storage market by buying Simon Storage, the UK's biggest terminal operator for C$250 million.

In 2006 annual revenue reached $1 billion after the $38 million takeover of German storage company Tanklager-Gesellschaft Hoyer mbH (TLG)

It entered the oilsands in March 2007 when it acquired the Corridor Pipeline from Houston-based Kinder Morgan for C$275 million in cash and C$485 million in debt; the deal gave Inter Pipeline the infrastructure used to transport about 30% of the oilsands output (including the 85% interest it had in Cold Lake it is 50%) but also left it with a $1.8 billion infrastructure expansion commitment). A decision by Enbridge and Inter Pipeline to move their pipelines east of the Labiche River helped to reduce the environmental impact and risk associated with the pipelines.

In 2018 Inter Pipeline Ltd. acquired NuStar Energy L.P.'s European bulk liquid storage business ("NuStar Europe") for cash consideration of US$270 million.

The business segments are:

Cold Lake - the transportation system sends oil from Cold Lake to Edmonton and Hardisty Alberta. Much of the expansion happened in 2008 when its capacity increased from a 330,000 bbl/d to 560,000 bbl/d. Between it and Corridor there are 1,900 km of pipeline.

Corridor Pipeline - offers services related to oil sands storage and transport.

Bulk Liquid Storage - The Inter Terminals business (headquartered in Redhill, Surrey, in the UK), is a bulk liquid storage provider with more than 5.8 million cubic metres of storage capacity (approximately 37 million barrels) located across 23 terminals in the UK, Eire, Denmark, Germany, Sweden and The Netherlands.