Alberta Working to Expand Natural Gas-Fired Petrochemical Projects with Inter Pipeline Grant
The Alberta government on Monday awarded a C$408 million ($326 million) grant to Inter Pipeline Ltd. for new industrial projects that use natural gas and its liquid byproducts as raw materials.
Inter Pipeline is receiving the grant through the Alberta Petrochemicals Incentive Program (APIP) in three annual installments after the scheduled completion of its C$3.9 billion ($3.1 billion) Heartland Petrochemical Complex near Edmonton in early 2022.
The plant would consume 22,000 b/d of propane to make 525,000 tons/year of polypropylene, an intermediate mainstay for manufacturing a wide array of synthetic end products from auto and television parts to medical and sports hardware.
Inter Pipeline to get $325mln cash grant to develop petrochemical complex zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Petrochemical program gains momentum
By approving the first project grant through the Alberta Petrochemicals Incentive Program (APIP), Alberta’s government is capitalizing on a multibillion-dollar opportunity in this emerging sector.
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Inter Pipeline’s approximately $4-billion propane-to-polypropylene plastic facility, located in the Industrial Heartland just north of Edmonton, is the first of its kind in North America, adding more value to a fast-growing part of Alberta’s economy. Through APIP, the company will receive a $408-million grant – spread out over three years – once the project becomes operational. The facility is under construction and will have employed 16,000 Albertans directly and indirectly during its construction in full-time jobs, and will employ over 300 Albertans permanently.
Feb 25, 2021
Budget 2021: Economic growth fuels Alberta’s recovery | Budget 2021 : La croissance économique énergisera la relance de l Alberta
Budget 2021 outlines how Alberta’s government is making strategic investments in natural resources and the environment to prepare for economic recovery and create good jobs for thousands of Albertans.
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Agriculture and Forestry
Alberta’s government has set a target to attract $1.4 billion in investment, which will create more than 2,000 jobs in emerging sectors like hemp, agri-technology and value-added processing. The Government of Alberta is also contributing $245 million to an $815-million investment, in partnership with the Canada Infrastructure Bank and Alberta irrigation districts, to modernize irrigation district infrastructure to drive the expansion of Alberta’s irrigated land base.
Author of the article: Lindsay Morey
Publishing date: Dec 18, 2020 • December 18, 2020 • 2 minute read • During the release of its 2021 capital plan on Monday, Dec. 14, Pembina announced it was indefinitely suspending its joint venture $4.5 billion integrated propane dehydration plant (PDH) and polypropylene upgrading facility set to be built in Alberta s Industrial Heartland. Lindsay Morey/News Staff/File
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Pembina Pipeline Corp. and Kuwait’s Petrochemical Industries Co. are indefinitely suspending their joint venture $4.5 billion petrochemical project in Sturgeon County in Alberta’s Industrial Heartland.
The integrated propane dehydration plant (PDH) and polypropylene upgrading facility was initially put on pause for the final investment decision at the beginning of the pandemic, but it seems the economic uncertainty because of COVID-19 was too much to take and the project was cancelled on Monday, Dec. 14 when the Calgary-based company