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.
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