Province to continue Petrochemical Diversification Program
EDMONTON, AB — The United Conservative Government says it will continue a program started by the NDP government aimed at attracting investment into the petrochemical industry in Alberta.
Energy Minister Sonya Savage, along with Associate Minister of Natural Gas Dale Nally, announced Wednesday afternoon the province is committed to the Petrochemical Diversification Program.
The program, first announced in 2018, will provide $1.1 billion in royalty credits to companies that build facilities to turn methane and propane feedstocks into products ranging from plastic to fertilizers.