By Liam Verster/EverythingGP

First grant issued under Alberta Petrochemicals Incentive Program

Apr 5, 2021 | 11:16 AM

The first grant approved by the Alberta Petrochemicals Incentive Program (APIP) will support the creation of a propane-to-polypropylene plastic facility located in the Industrial Heartland just north of Edmonton

The $408-million grant will be distributed to Inter Pipeline, the owners of the facility, over the course of three years until the site becomes operational.

The Alberta Government says in a release that this is a first of its kind facility for North America, and will add value to a fast-growing sector in Alberta.

“Petrochemical products are an essential part of daily living, and – between our abundant natural gas resources, skilled workforce and positive business environment – Alberta has everything we need to produce them for customers around the world,” says Associate Minister of Natural Gas and Electricity Dale Nally in the release.

“APIP has already attracted attention from investors all over the globe, and we expect more applicants to move through the process in the coming months and years as we turn Alberta into a global hub.”

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The facility is currently under constructions, and it’s expected to create 300 permanent jobs once open and operational.

APIP was launched in July 2020 with the goal of creating jobs, advancing Alberta’s petrochemical sector to compete with global competitors, and boosting the economy.